China took out 57.655 tonnes of gold bullion through Shanghai for the week ending Dec 26th.
That makes it 2089 tonnes for the year so far.
There are a number of groups executing their 'game plans' here for what I call the currency war.
China's and Russia's very obviously involves gold in some way.
2015 will be a very interesting year, with a strong touch of the surreal.
As you know I think in 2016, or perhaps a little earlier, there will be a significant amount of turmoil and a stretching of the social fabric, unless cooler heads prevail. I really don't see that happening.
The moral hazard is so thick you can cut it with a knife. And nothing succeeds in destroying itself like arrogance.
As you know I think in 2016, or perhaps a little earlier, there will be a significant amount of turmoil and a stretching of the social fabric, unless cooler heads prevail. I really don't see that happening.
The moral hazard is so thick you can cut it with a knife. And nothing succeeds in destroying itself like arrogance.
