Loose Talk On China Gold Demand Sinks Precious Metals
Tim Iacono is staying on the China topic and how some misinformation could have contributed to moving gold lower last week. Here are some of the main points Tim addresses…
- Gold and silver prices fell after a number of unfavorable news reports on China gold demand that were all very misleading.
- This is symptomatic of the trouble precious metals have had in the West as investor interest has waned.
- A stronger dollar and rising broad equity markets also pressured precious metals.
Discussion
1 Comment
Apr 21, 2014 21:24 AM
This could all be put to bed if China just announced how much gold they really do have and in what instrument.
It would also help if the U.S. came clean and announced the same thing.