GOLD 0.11% $1,311.6 gold futures

Slange don't forget the price influence of the Shanghai gold...

  1. 2,660 Posts.
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    Slange don't forget the price influence of the Shanghai gold exchange. China has perhaps the greatest interest in a steady GP. I think the massive gold metal throughput through Shanghai is the reason Western attempts to smash the GP are ineffectual now. So I assume that China is in control of the GP these days 
    They need a relatively steady GP because they have de facto linked gold to the Yuan and gold Is therefore part of their trading system.
    Will we see an astronomic rise in the GP?  Probably not. 
    23.


 
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