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Chinese Gold Demand Stuns London... *LINK*

Chinese Gold Demand Stuns London & Hong Kong Traders

[snips]

KWN has reported on this for months, “Precious metals traders in London and Hong Kong said on Wednesday they were stunned by the strength of Chinese buying in the past month. ‘The demand is unbelievable. The size of the orders is enormous,’ said one senior banker, who estimated that China had imported about 200 tonnes in three months.”  That quote was from the Financial Times.  King World News today interviewed Dan Norcini to get his take on this situation.

When asked about Chinese demand Norcini stated, “Your sources have been reporting for months that demand from Asia, particularly China has been staggering, especially as the market has moved lower.  This FT story has simply confirmed what King World News has been reporting for months, and that your sources have been accurate...

As Dan Norcini said, King World News has reported on the massive Asian buying, particularly from China for many months.  Norcini knows these markets well, having traded them for over two decades.  He is now making note that there has been a significant change in the trading pattern of both the gold and silver markets...  

LINK:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/2_Chinese_Gold_Demand_Stuns_London_%26_Hong_Kong_Traders.html

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