The demand for pearls in China, page-47

  1. 2,195 Posts.
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    Got to question why a trader would profit take prior to the Kobe auction in two weeks time? I think it’s more likely that someone saw an opportunity to heavily push down the SP to mop up the loose hands.

    Knowing that pearls have had a dramatic increase in price it makes no sense to reduce a holding prior to one a the biggest auctions of the year.

 
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