I know, thats the Thread of MOY, but those information can be...

I know, thats the Thread of MOY, but those information can be usefull for the future way of gold/goldprice - and with goldprice for shareprice of mining stocks, like MOY.

In China they built 6 towns. Right - towns. All the buildings were built by credit by big investors. With that sector china wanted to stimulate through the immobilia sector the economy. But, end of day, after building those towns, they became ghost-citys, because nearly no one lives there. Since years no one bought those buildings for living or to open a shop or something like that.

Last month the credit volume, like the months before, is rising. especially credits for immobilia by normal consuments. In september new 160 Billion Euro. There is a big commercial ongoing, who tells normal consumers, that it is a really good investment, to buy those buildings - they would profit. With that commercial the big investors get their buyers, they didnt have. Or: The sharks are selling to the fish, to make their profit, and the problem of no real buyers in the market will become the problem of the fish.

Same happend in 2005-2007 in US. 2008 the bubble bursted.
I think, history will repeat itself in China - and that could be an extra push to gold. And i am sure, MOY will benefit of it.