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Strategies & Market Trends : Items affecting stock market picks
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From: russet4/3/2013 11:45:59 PM
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I just met a fellow in Cafayate last week – a very interesting guy who runs a gold exploration project in south Kivu province in the DRC. He says that there are Chinese all over Kivu, buying gold from the artisanal miners, on the order of 40-50,000 ounces per month – and they're paying London spot prices. Apparently this is under the auspices of the Chinese government itself, as it allows them to dump dollars off the market and cart home the gold. The Chinese are stuck with far more dollars than they can get rid of without provoking a panic, so this makes perfect sense. It's quite clever of them, actually. And this is just one story, from one place. So no, I don't see gold going down.

caseyresearch.com
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