Just put his on the commodities forum under gold, but have just read a statement from the World Gold Council on gols sales statistics. We haer a lot about what happens in the US determining the gold price. The Americans have always thought they lead and others follow. Not in gold perhaps. China banned gold ownership till 10 years ago. It seems they are making up for lost time. They now buy more than gold loving India, buying over 1000 metric tonnes in 2013. Around the Chinese New year a week or two ago, they bought 29 metric tons in one day on the Shanghai Gold Exchange. With this sort of thing going on Wall Street demand becomes less and less relevant. A positive for NCM, would think.
NCM Price at posting:
$11.26 Sentiment: Buy Disclosure: Held
