I was in China and Hongkong yesterday afternoon. Went into a shopping mall. Walked past a gold dealer. I have never seen one so busy in Australia. It sounded like I was in a fruit or fish market. Lots of noise and selling going on. It looked like consumers were buying up gold for weddings and gifts, taking advantage of the low prices. This was just one store and there are many, many of them all similarly busy. So many people in China, the place is a machine, never stops. Slow down in China? Na, doesn't look it.
NCM Price at posting:
$8.26 Sentiment: ST Buy Disclosure: Held