Stop losses hit hard on gold
Sold heavily to lows not seen since 2010
Monthly chart showing multi-year lows now:
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In the news since Friday:
– China’s gold reserves stood at 1,658 tonnes at the end of June, the central bank said on Friday, up 57 percent from the last time it adjusted its reserve figures more than six years ago.
While China added to gold reserves, the amount was under what many had expected. I did see one … errr … ‘analyst’ I’ll call him … saying China was lying about how much they bought ’cause they want to buy more.