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« Deutsche Bank to pay $60 million to settle US gold price-fixing case | Main | Gold and the Italian Vote »
Saturday
Dec032016

Don’t Believe The Propaganda, China’s Rise Will Be The Big Shocker In 2017

Despite propaganda to the contrary, China’s rise will be the big story in 2017.

Stephen Leeb:  “Gold is back in business and barring some unforeseen event should soon resume its uptrend. As I recently argued, anything bringing oil to the dance would do the trick, and OPEC’s agreement to cut production fits the bill.

Rumors circulating midweek that China planned to limit gold imports don’t alter this conclusion. They likely indicate an effort either to eliminate arbitrage (stemming from the fact that gold in China trades at a 10 percent premium to gold traded in the West) or talk gold down. China’s thinking on gold hasn’t changed, and the case for a near fantastical bull market in the monetary metal has moved closer…

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