NOVEMBER: Chinese Gold Demand Up 40 % Despite Import Curbs
Submitted by Koos Jansen, BullionStar.com.
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From "Fake News" To "Fake Intelligence"
Submitted by Wayne Madsen via Strategic-Culture.org,
Global Stocks Jump, Dow Set For 16th Post-Election Record High After UniCredit Restructuring; Fed Looms
Yesterday's brief hiccup in what has been an otherwise relentless rally in global risk assets is all but forgotten this morning, as European and Asian stocks, and US equity futures, all rise in quiet trading ahead of tomorrow's FOMC meeting, with the Dow set to make a 16th consecutive post-election all time high.
Indian Gold Premiums Explode After Nation's Biggest Gold Importer Suspends Bullion Dealers Accounts
Following news last week of a surge in Chinese retail gold premiums as demand for physical bullion soars amid China capital controls, Reuters reports that the chaos in India has sent people rushing to buy gold, paying as much as a 50 percent premium above official India prices. This renewed surge in demand for physical in india follows reports that India's top importer of gold, Axis Bank, reportedly suspending the bank accounts of some bullion dealers and jewelers following the arrest of some executives over money laundering.
World's "Most Bearish Hedge Fund" Suffers Worst Month In History, Refuses To Capitulate
“In my view, the Trump election has made a large Chinese devaluation more likely. Mainland Chinese investors are desperately trying to get out of the Yuan, and the People’s Bank of China is trying to defend the value of the Yuan. They are doing this by selling treasuries.”
- Russell Clark, Horseman Global