Housekeeping: Good Morning.
Gold revaluation is a process, not an event
Today:
Commentary: China Stops Buying Gold?
Premium: DB on metals.. summary and comment
Session Recap:
US equities rallied on Wednesday, with the S&P 500 closing at a record high after weak economic data raised hopes of a Fed rate cut later this year.
Premium / Markets: China and Gold
Here is the Headline…
CHINA HALTS GOLD BUYING FOR RESERVES AFTER 18-MONTH STRETCH.
Here is the MSM story summarized…
Gold price falls after data unveils PBoC reserves showed no change in May compared to April, ending 18-month buying spree.
Here is how we see it…
Three things to consider in the big picture why China announced they were no longer buying gold. All other reasons will branch off from these in one way or another.
One is bullish, one is bearish, and one is neutral. We will tell you those scenarios and what we think is most likely over the weekend
