Saturday, October 22, 2011

Chinese gold demand supports price


At ABC Bullion we noticed the same increased buying from Chinese & Indonesians on Friday in the store and online.

From King News World:

Gold and silver bounced off of the lows today because of massive buying from the Chinese.  A trader out of London told King World News, “The price discount in gold is the most welcome thing to the entire Eastern Hemisphere.  The Chinese are buying very relentlessly because they know what is going to happen.  We had a major, major physical buy order today.  The Chinese bought a massive amount of physical today at the lows.”....read in full

No comments:

Post a Comment