Ha ha ha… people bought last year because of China’s insatiable demand and the price of gold dropped. Now people get hysterical about a demand drop in China (as if gold is subject to the same macro economic issues as copper) and boink, it pops.
It still says here that you should immediately tune out anyone going on about Indian Wedding season, Central Bank buying and selling, mine supply and most of all… China’s gold demand.
Gold will be driven by investment demand and specifically investment demand that comes in the face of a loss of confidence in the way that money and interest are manipulated in the effort to promote certain economic signals and agendas.
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