Where did you get that from Martis, divine guidance?
The AUD gold chart could be a double top.
Chinese demand.
China and India
Strangely absent in this year’s advance has been China.
Even as traders in the country have poured billions of yuan into trading in steel, iron ore and other commodity futures, the Shanghai Gold Exchange has seen little growth in volume, with prices trading at a discount to the global price.
According to data released last week from Thomson Reuters GFMS, in the first quarter of this year China’s gold jewellery buying fell 27.3 per cent. That helped push global physical gold purchases to their lowest level since the first quarter of 2009.
