Banro Corp. fka BAA

[caffeinedrive]

A few of us on this board correctly identified the Chinese stock market bubble as a threat to gold demand a few months back. Chinese demand is one of the few fundamental factors that one can easily follow (but most with a view on gold somehow don't). Still, I would take weather forecasting over gold forecasting any day!

“The main driver now seems to be the parlous state of the Chinese stock market which resumed its downward trajectory overnight and as such, impacted most commodities negatively, especially those with industrial links,” Marex Spectron’s David Govett said. - See more at: http://www.bulliondesk.com/gold-news/bullion-morning-gold-price-back-under-pressure-physical-demand-still-missing-98149/#sthash.v3uzu9Yp.dpuf