Never forget that the media in China is controlled bythe Communist Party. That means that you should pay careful attention to the official state news because it usuallypaints an accurate picture of things to come.
The latest news story is that the Chinese central bank is ‘considering’ increasing theirgold reserve from the current 600 tons to 4,000tons, a whopping 700% increase.
The gold market is really quite small so that type ofvolume buying could have a big impact on goldprices.
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