Gold price is heading way south
Updated
As Chinese economic keep falling, as China government only have any more bullets to save the top management's luxury life style, PLA refuse to put anymore stimulus into the market, which has created liquidity issue for RMB, Which push RMB higher, and which also provide the pressure on stop lose for short order from Wallstreet. But... the liquidity issue in China will escalate into problem, than crises, for those who have seen this, are selling their gold or paper gold as CASH (RMB) will have more value in few month, and also have higher interest income. Sales pressure of gold will increase as the US stocks move higher.
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The Bear Party started earlier and more rock n roll than we thought, first target 1340 before any significant rebound.
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