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Bullion sales from gold ETFs rise

Posted on 31 July 2009

From Commodityonline.com: Thursday’s recovery in Chinese equity markets gave new meaning to the term ‘hot & cold’ as investors piled money onto the same table from which they has swept it just the day before.
Chinese central bank comments stressing the efficacy of ‘market tools’ in order to guide lending and money supply were interpreted as ‘Hey, go play in the market some more’ and that’s exactly what profit-hunters did. Even if they can expect the authorities to tighten lending selectively, in small increments, as time goes by………Full Article: Source


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