Loading ...Is this a weird situation or what? Suddenly we hear the Chinese are in trouble, and selling their gold, margin calls etc. Then reports of china over stated gold reserves in past, and just reported lower reserves than previously thought.
Possibly to maintain value of their massive Dollar holdings or reserves. Dollar Yuan and Gold have been pegged tightly for a long time now, you can see on Kitco.
And last week around the 7th? It seemed like the general stocks were starting a bear market, and suddenly looks like a bull market.