Tim Iacono – Wed 16 Apr, 2014

Reuters Omits The Grey Areas About China Gold Demand

Here is the follow up article by Tim focusing on the Reuters story and the World Gold Council’s report on China. These are the main points made in Tim’s post…

  • A Reuters report misrepresented gold being used for financing deals in China’s shadow banking system per a World Gold Council report.
  • Since China was a huge source of gold demand last year, this cast doubt on the nature of global gold demand.
  • Traders were quick to sell, but sentiment may change after looking more closely at these reports.

Click here to read Tim’s post.

Click here to listen to the interview with Tim, Al, and myself posted yesterday.

Tim Iacono

  1. On April 16, 2014 at 4:07 pm,
    James (the lesser) says:

    Why don’t they finally come out and say just how much gold they have.

    There are rumors, reports, articles about how much gold they have

    It is all speculation.

    There is even talk about this april they will make the big announcement and shock the world

    Until they say anything it is all hearsay and double talk and doesn’t do gold any good