The Chinese appetite for gold has been set free to be satisfied. As we have mentioned in the recent past (Our comments on 9/22), China is relaxing it’s import and export regulations on gold as it lifts restrictions to own the precious metal for the Chinese public.
Reuters seems to be watching the same thing we are;
This means, that they will be acquiring the worlds gold to satisfy the demand of their general population, while keeping their own production of the precious metal.
Gold has hit all time highs, enjoy the party, but don’t over indulge and lose sight of the prize. Markets never stay still and only move in two directions any given second. That is up and down, stay alert and profits can be yours…