whilst world markets are panicking..., page-2

China's influence on the global gold market dominates - all good general info on the gold space imho:

"In addition to its dominance in both the supply side and demand side, China is playing key leadership positions throughout the intricate logistical and financial chain.

For example, Chinese mining companies are now some of the most active gold miners in key producing regions such as Africa, Latin America, and Southeast Asia.

Chinese companies have significant operations in key mining countries such as South Africa, Australia, Ghana, Peru, and Brazil.

Over the last decade, the ETF space has been dominated by American firms who have launched and sponsored ETF products to reach a mass investor base.

Most of the consumers of gold ETFs have been American and European funds. In a recent move, China has also made its way into the space by launching the first two gold ETFs to be traded on the Shanghai Stock Exchange

As I wrote previously, there has been a disconnect between the physical markets (dominated by Asian buyers) and the paper markets (dominated by U.S. and E.U. buyers). With this move, China looks as if it may come to dominate this segment of the market as well.

Of course, this will not happen overnight, since the ETF market in China is still in its infancy. For investors, it's critical to keep an eye on what China is doing, since it has such a significant impact on various segments of the gold market"

http://seekingalpha.com/article/1502512-china-becoming-the-most-important-factor-in-global-gold-markets