20.01.2014 - Chinese new year no guarantee for galloping gold price
What should gold investors expect from the Chinese New Year at the end of this month? First, expect lots of press coverage of housewives buying gold hand over fist to mark the start of the year of the horse. Expect to learn that China is (drum-roll please) the world’s No.1 consumer, but not why (thank the 2013 collapse of Indian imports due to government rules). The lunar New Year marks an auspicious time to buy gold, you’ll be told. It also marks a retail frenzy, pictures from Shanghai and Shenzen shopping malls will show...............................................Full Article: Source
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