via Gold-Eagle - Shanghai Gold Deliveries

When gold futures contracts trade, the expectation is that very few people at all will be taking delivery, and that the money to be made is by selling gold leases into the market in quantity.

But here we're seeing fully 80% of available annual mine supply on a global basis being delivered through the Shanghai Gold Exchange.

This was also preceding Yuan devaluation.

http://www.gold-eagle.com/article/china-sge-august-gold-deliveries-phenomenal

-F6