don't (can't) break the china folks: it's gold?dmj

Gold also received some wind for its sails after the bad data yesterday, and gained about $6 on the day… But this morning it’s back down $2… Well, today marks a momentous day for Gold… Today, the Bank of China Ltd. Will become the first Chinese Bank of join the auction process that sets gold prices in the London Market. The Chinese Bank will join 7 other lenders and start participating in the twice-daily auction… China finally gets its foot in the door of setting Gold prices… This is a great occasion for China and Gold folks… The two, China and Gold, are going to be tied together for a long time, I believe…  And now, China gets to exert its influence on the price of Gold… - See more at: http://www.dailypfennig.com/2015/06/16/another-bad-data-day-u-s/#sthash.Vykk8vST.dpuf