Also there's little if any Chinese money going back to the USA now and probably for the foreseeable future. They are shunning the dollar but are still stuck with an enormous amount of them. This announcement about their gold reserves increasing may well be designed to send a signal to the market that they are buying. There were stories about them wanting to increase their reserves to over 4,000 tons. They may have bought a lot of gold lately with the price below $900. It'll be interesting to see where gold goes to in the near future. It may be time for another significant move.
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