Gold – the final bubble, page-3751

The current gold price enthusiasm will probably be short-lived:

1. The BBC report that the Chinese stockmarket is a problem but not a big one, the main problem is the amount of margin lending and this means many will have to sell gold to pay up.

2.CNBC report that 70% of selloffs like this recover within 5 days as punters regain their composure and realise that actually nothing much has changed.

3. The gold market has largely adjusted to the fact that there's going to be an interest rate rise.

4. Many will see this as a selling opportunity as the panic over chinese devaluation and PMI subsides.