https://www.youtube.com/watch?v=RHhj1V-jW10
This is an interesting article and above video on how the Chinese market has impacted the rise in the POG this year via the Shangai gold futures market. Effectively, after huge activity in March and April this year then a hiatus from April to September, it’s seems the Chinese gold futures market is now showing signs it may repeat the activity in March and April this year which drove the POG in China up 23% in 6 weeks and if it does indeed happen we may see a $US3,000 POG by end of 2024 or early 2025.
The conclusion of the article is quoted below.
“In conclusion, the stage is set for Chinese traders and investors to continue fueling a powerful rally in gold prices, pushing it to $3,000 and then beyond. Now that SHFE gold futures have broken out of their consolidation and trading activity is heating up once again, all indicators point toward a renewed surge that could mirror or even surpass the intensity of the spring rally. Meanwhile, China’s economic struggles and increasing reliance on stimulus add further support to the bullish outlook for gold. As global debt and inflationary pressures rise, and with Chinese physical gold investors and consumers likely to return in droves once they recognize that high gold prices are here to stay, the conditions are primed for an explosive phase in the gold market. This momentum, driven by both domestic factors in China and international dynamics, is likely just the beginning of an even greater upward trend.”
https://www.youtube.com/watch?v=RHhj1V-jW10This is an...
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