Gold miners down on mostly low volume indicating the targeting of small holder's stops. Pathetic but what do you expect from these arseholes. Great buying opportunity IMO. Emerging story over the last few days of giant Chinese property company Evergrande and it's impending default on interest payments to the banks. This could also cause a credit crisis in the banking system. Evergrande have a US$200Bil market cap with US$300bil debt and a default could be the catalyst that pops the property bubble should they default. I don't usually like commentary on the property market here, however I believe this situation could be a catalyst for a surge in the gold price which would explain the attack on gold in an attempt to cover short massive positions. Hang in there people, this is real.
