Gold Price Analysis# Stock
k*a
1 楼
In the first 8 months, China and India imported at least 65% of the world's
annual gold mining production. China's gold import hit max in March. Then it
continue to decrease. This is exactly how the gold price worked out (gold
price is about 10 days behind). China's import has been slowing down. India'
s import has been stopped by their government.
That is why in the short term gold is in a bear market because of demand/
supply relation. If this is true, we should see gold being flat throughout
this year.
annual gold mining production. China's gold import hit max in March. Then it
continue to decrease. This is exactly how the gold price worked out (gold
price is about 10 days behind). China's import has been slowing down. India'
s import has been stopped by their government.
That is why in the short term gold is in a bear market because of demand/
supply relation. If this is true, we should see gold being flat throughout
this year.