09.07.2015 - China fears CRASH in gold market next to come
The crumbling Chinese stock market is crashing into the global metals market. Copper plummeted to six-year lows and gold took its biggest hit in nearly two months on Tuesday as alarms continue to sound about China's health. At first glance, it may not make sense for trouble in China to impact precious and industrial metals. But it's important to remember how turbulence in one asset class can cause trouble in another. Chaos has gripped Chinese stocks in recent weeks, sending the previously red-hot market nose diving 25%. The ferocious selling has forced investors who bought stocks with borrowed money to pay back loans by dumping other assets -- including gold and other commodities...............................................Full Article: Source
Print