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RE: A New Record High of AUS$2226 for Aussie Gold.
It is amazing, but I still have a problem to believe they just let this happen.
I wonder what's the real driving force behind all this. May be the Chinese? On your chats, you can see the price taking off in the "Hongkong" time bracket - but thats also the Shanghai market hours.
Something was looking a little different in the charts over the last few months, I noticed a few months back their was a lot of days when the price just stayed very flat with no real activity. Then we got a huge amount of activity, lets hope it's China buying up everything now because of the trade war, cheers.
The Chinese have been buying as much as was possible for years - physical gold that is - on top of being the biggest gold producer in the world. May be they decided - in view of the current situation with the USA - that its time for the decisive blow: dump all the US bonds and dollars on the market and buy more gold, regardless of the price. And then come out with a gold backed Yuan as the new international reserve currency, replacing the US dollar.
Thats the kind of stunt I expect to see from the Chinese, there is a plan behind everything they do.
And Trump and his crew think they have their balls in a vice, with the stupid tarrifs - which are being payed by the american consumers. What a bunch of idiots!
It's all about the United States going to "Sound Money"...
I've been telling People about what's heading our way...
August 7, 2019... 12.0 Hollywood Time...