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ssilver
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Gold Coming Off the LBMA Spiked Last Week - Jesse - Le Cafe Américain

Difficult to determine what these 'ounces of gold per day' represents - is it trading volume, physical gold withdrawn, etc.?

LBMA typically posts end of day 'net settled' trading volume which is less than 10% of the gross trading volume according to the LBMA.
A link to the source of LBMA data for the first graph would be most helpful.

Commented 3305 days ago

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Beginning of the headline :There was a interesting spike in physical gold activity last week on the LBMA. It seems consistent with the 'tension on the tape' that I have been seeing. And a number of little indicators and some interesting things, like the generally 'well informed' Goldman taking delivery of gold at the Comex for their house account. One outcome of this *might* be the realization of the cup and handle bottom formation on the gold chart, and a quick run to target around the 1250 to 1270 area. And dependi... Read More

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