GOLD gold futures
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It would make sense that since China hold so many greenbacks...

  1. Schnitzel_Von_Crumb
    642 Posts.
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    28/04/06
    13:51
    Post #: 1526831
    It would make sense that since China hold so many greenbacks that they'd use 'em to buy something a bit more stable like gold ... yeah from what i've been hearing that may have some truth in it.
    For me I'll be checking out the latest Commitment of Traders report by the US govt (I think it comes out tonight ... does anyone else know? Think it's every friday) to determine if I should be buying gold tonight! COT rarely lies... US Fed study confirms that analysis of COT gets price movements right 78% of the time!
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