“Today’s gold market is being defined by two trends: aggressive selling by investors in North America through exchange-traded funds, and aggressive buying by consumers in Asia. But for now, the ETF investors are overwhelming everyone else. Gold prices settled below US$1,390 an ounce on Thursday, and after five rough trading days in a row, they are approaching the lows that were reached during last month’s dramatic collapse. Chinese gold imports have been going through the roof. Data released last week showed that China imported 223.5 tonnes (or 7.9 million ounces) from Hong Kong in March, crushing the previous monthly record.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
FEC: Donors can't use Bitcoins for contributions
Australian Central Bank Cuts Key Rate to Record-Low 2.75%
Europe counts the value of prostitution, drugs to bolster GDP
Sheriff Defends Deputy Who Killed Tethered Dog
Wildlife trafficker kills 5 crocodiles, 90 rare birds as police descend on his compound
No criminal charges for Jon Corzine in MF Global probe
Controversial study finds that big and famous hospitals aren’t always the best for surgery
CEO makes $1.5 million warehousing immigrant kids
UN orders its inspectors out of Syria over fears of U.S. air strike
Anger over East German medical ‘human guinea pigs’
Tired German bank employee naps on keyboard, transfers $293 million
Meet The 'Assassination Market' Creator Who's Crowdfunding Murder
Maryland 'rain tax' to be enforced through satellite surveillance?
Forbes E-Book, Secret Money: Living On Bitcoin In The Real World
CIA chiefs face arrest over horrific evidence of bloody 'video-game' sorties by drone pilots