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Strategies & Market Trends : Beat The Street With SI Traders

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From: heinz44	5/27/2015 8:53:27 PM
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First, China announced it is setting up "the world’s largest gold fund" http://www.zerohedge.com/news/2015-05-24/china-establishes-worlds-largest-physical-gold-fund . They will earmark $16 billon to purchase physical gold. If you do the math, this is around 500 tons or about 20% of global production. By calling it "the world’s largest gold fund", maybe China is saying they do not believe "GLD" is real? Just an observation. In the latest piece of news, http://rt.com/business/261289-brics-new-development-bank/ RT ran an editorial piece pointing out that China already lends more to Africa and Latin America than the World Bank and IMF combined. Is this posturing "for" the Chinese before the IMF readjusts the SDR? Seemingly disconnected pieces to the puzzle, don’t bet on it! Regards, Bill Holter for; Holter/Sinclair collaboration. Comments welcome! bholter@hotmail.com

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