Thu, Jul 24, 2014, 7:57 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Agnico Eagle Mines Limited Message Board

  • longtrader123 longtrader123 Dec 6, 2013 12:50 PM Flag

    No Bear Market For Gold In China Nov 27 2013, 09:1

    Chinese Gold Imports From Hong Kong Surge To Over 130 Tonnes In October: No Bear Market For Gold In China
    Nov 27 2013, 09:10 | 32 comments | includes: AEM, AG, CEF, GG, GLD, GOLD, PHYS BOOKMARK / READ LATER
    Disclosure: I am long SGOL, GG, AG, GOLD. (More...)

    Reuters has just received data from China that shows that the Chinese have imported 131.9 tonnes of gold from Hong Kong during the month of October - the second highest amount ever imported from Hong Kong. Somebody needs to tell the Chinese that gold is in a bear market and that Goldman Sachs has named it a "slamdunk sell," and they should instead be buying shares of Apple (AAPL), Tesla (TSLA), and Twitter (TWTR).

    The import numbers from Hong Kong so far this year are showing that the Chinese are buying ever more physical gold even as the price declines. The monthly totals of Chinese gold imports from Hong Kong are the following:

    Sentiment: Buy

 
AEM
40.75-0.42(-1.02%)Jul 24 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.