Why the SGE basis still matters for Asia buyers
Shanghai can trade rich or cheap to loco London. For physical buyers in Asia, that basis is often more important than the headline USD print.
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Desk notes
Market insights
Short-form commentary for private clients — flows, basis, and what the tape is saying.
Allocated vs pooled: reading the fine print
If you cannot point to a bar list with your name on it, you may not hold metal — you hold a claim. Here is how AUREUM structures title.
Premiums compress when the board deepens
Retail coin premiums widen in stress. Order-board bullion tracks spot more tightly — useful when you care about exit liquidity.
Real yields and the gold bid
A quick map of how shifting real rates have historically coincided with multi-month gold trends — without turning the desk into a forecast shop.
Briefing
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