Volume shanghai gold exchange88000 kg last 5 days.
So roughly 88000 kg x 1000 gm per kg x 1/32.1 Troy ounces
About 2.8 million ounces for final settlement.
At current market probe if developed can supply roughly 3 days of settlement gold into shanghai.
These volumes are amazing and the radar screen works on old stats that are 6 to 12 months out of adjustment.
Where is gold going ? Up.
Jmho
Enjoy the long weekend