chatzboy, according to this article China certainly is accumulating gold.
quote from http://matterhornassetmanagement.com/2009/09/11/gold-is-now-underwritten-by-china/
GOLD IS NOW UNDERWRITTEN BY CHINA September 11th, 2009 by Egon von Greyerz, Matterhorn Asset Management
"There is really only one government in the world that understands the virtues of gold – China. Not only is the country buying all the gold that they can without pushing the price up but they are also encouraging the Chinese people via the media to buy gold and silver."
I am not sure how far gold will go but personally I think any break above $1030 will see a bit of upside before any pullback.
MUN Price at posting:
35.1¢ Sentiment: LT Buy Disclosure: Not Held
