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caffeinedrive

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caffeinedrive

Re: Congo Mining post# 31959

Sunday, 06/07/2015 9:12:23 AM

Sunday, June 07, 2015 9:12:23 AM

Post# of 63744
The third headwind (current) is the Chinese stock market which is flying. The Shanghai composite was up 8.9% this week!

http://www.bloomberg.com/news/articles/2015-06-05/china-s-stock-market-capitalization-set-to-reach-10-trillion

The rush for China stocks is eating into gold demand. As stated in the World Gold Council report, Chinese jewellery demand dropped 10% in Q1 and was a major factor why overall gold demand was down.

http://www.ft.com/cms/s/0/1a2ea2b2-fa1d-11e4-a41c-00144feab7de.html#axzz3aBt7Qw8h

All told, agree gold has held up well.
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