Trend Divergence in Shanghai Gold Fix Discount to Physical Metal

Updated 3/17/21 @ 7:30 AM EST

Posted by Gregory Monte.

For graphs showing the physical gold & silver premiums as well as the current physical gold/silver ratios compared to spot, please go to my website: http://www.didthesystemcollapse.org.


If you look at the chart pictured above you should notice that, up until about 2/1/21, the 30-period trend lines for both the Shanghai Premium to Spot and Discount to Physical were, more or less, identical.

But at the beginning of February, you can clearly see that the yellow trend line which follows the Shanghai discount to physical gold started moving downward while the red trend line which follows the Shanghai premium to spot gold started moving in the opposite direction.

What accounts for this divergence?

Unfortunately, I can’t answer that question, but I am keeping an eye on it so that I can look back in a couple of weeks or so to possibly understand what it means.

Maybe it has no relevance at all but, in any case, I wanted my readers who didn’t notice this to be aware.

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