Realcent.org

silverstacker wrote:Read this news today that caught my eye:



"As of the end of June 2015, China’s official gold reserves were 53.32 million ounces (1,658.48 tonnes), the People’s Bank of China announced. This is an increase of 604 tonnes since the last time the central bank updated"

That's a lot of Gold!

Brian

As for the large seller on Comex, Brien Lundin, editor of Gold Newsletter, said that if that was related to the China news, “it’s only by way of taking advantage of a perceived news event to attack the market.”

“No one dumps that much of a commodity that quickly to get the best price,” he said. “Their intended purpose is purely to drive the price down. It’s outright manipulation that wouldn’t be allowed in any other market.”

highroller4321 wrote:

silverstacker wrote:Read this news today that caught my eye:



"As of the end of June 2015, China’s official gold reserves were 53.32 million ounces (1,658.48 tonnes), the People’s Bank of China announced. This is an increase of 604 tonnes since the last time the central bank updated"

That's a lot of Gold!

Brian

I would bet money they didn't announce their full reserves.