Numerous sites report very positive trading over the Lunar New Year Holiday in China which just finished which has just finished with further indications of economic recovery/health in China
eg.: China Digest : Sales of consumer goods totalled 1.7 billion yuan (HK$2.09 billion) for the week-long Lunar New Year holiday in Lanzhou, a 21 per cent increase from the holiday last year, Xinhua reports, citing figures from the municipal commerce bureau. About 300 million yuan of the total went to the catering industry, or 10 per cent more than a year ago.
This along with the Presidents Holiday today (US Market closed), combined with the gold price drop may result in substantial buying by the US and China tomorrow ?
Anyone have good free links/sites that would indicate China buying please, (obviously there’s lots for US Kitco) etc ?
MYG Price at posting:
9.2¢ Sentiment: Hold Disclosure: Held
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