These smack-downs are just as they are meant to be.....totally discouraging.
Looks like the boys still have some fighting funds from the Billions the
BIS floated them last week.
I think some part of it is to embarrass the Chinese Gov after they
encouraged by massive campaign for all citizens to buy gold.
Citz lined up 4 blocks deep to buy gold and a week later the boys beat
it down and not recovered......embarrassing start but great in the long run.
And, we all know who will win that battle......Chi or the boys?
Might take a little while but the Chinese citizens will not be hung out to
dry for long.....steady steady. Still getting organised.
BDR Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held