Caledonia Mining Corporation (CMCL)

[NYBob]

Chinese Gold Demand 488 MT YTD, Up 29 % -

Although last week only 34 metric tonnes of gold were withdrawn
from the vaults of the Shanghai Gold Exchange (SGE), down 6.52 %
from the prior week, year to date there has been a
staggering 488 metric tonnes withdrawn,
up 29 % to compared to last year.

Year to date demand will probably come on par with last year when
we enter april, as withdrawals exploded in April 2013.

What will happen after April is hard to say, this year’s average
daily withdrawals stand at 6.7 metric tonnes,
last years daily average was 6 metric tonnes (2197 mt / 365).

It will all depend on how much floating supply there is left…

At the current pace, 6.7 metric tonnes a day,

China will be roughly importing 1700 metric tonnes this year
to meet SGE demand. My research has exposed that
SGE withdrawals equal Chinese wholesale demand.

http://www.ingoldwetrust.ch/chinese-gold-demand-488-mt-ytd-up-29

http://in.reuters.com/article/2014/03/19/gold-india-imports-banks-idINDEEA2I08320140319

http://www.caledoniamining.com/pdfs/03212014.pdf

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99122944
God Bless