Just 3 weeks after the world could not purge itself fast enough of ‘pet rocks’, Gold is pushing to one-month highs this morning (at $1120) and Silver just broke a key technical level at its 50-day moving average as USD weakness and global turmoil have seen Precious metals gain for the last few days…
Good timing?
July 17: China increases official gold holdings by 57%
August 11: China devalues Yuan
— zerohedge (@zerohedge) August 11, 2015
Been a while since tens of millions of Chinese rushed into gold and bitcoin
— zerohedge (@zerohedge) August 11, 2015
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