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Scooped by Hal onto Gold and What Moves it. |
Scoop.it!
Ed Steer had an interesting note and chart:
"... The commentary included with the graph was as follows... "As you can see, over the entire 12-year precious metal bull market, gold has bottomed in January seven times...but only once after April amidst the 2008 global meltdown...when the cartel viciously attacked to mask gold's "once and future" roll as a safe haven...only to see it recoup all such losses by February 2009." ..."
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Scoop.it!
Nepal Gold and Silver Dealers Association said import value of gold shot up by double digit during the six-month period even though daily imports of gold through formal channel remained unchanged at 15 kg.
KATHMANDU(BullionStreet): Nepal imported 14.38 percent more gold during the first half of this fiscal as against the same period of last fiscal year.
According to Nepal Trade and Export Promotion Center, the nation imported gold worth Rs 13.28 billion in the six-month period to mid-January as against Rs 11.61 billion recorded in the same period last year.
The Center attributed the hike to international price hike of the precious yellow metal and depreciation of Nepali currency. ...
Hal's insight:
Now why in the world would they want gold, hmmm? LOL Delete the scoop?
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Click over for the full size chart and check out the chart on Chinese gold imports from Hong Kong.