China Buys the Dip (and India, and Japan…)

“Monday’s plunge has excited the Chinese market,” said the perky anchor on China’s English-language CCTV News. As we write, gold sits about where it did 24 hours ago, at $1,386. And CCTV devoted the first 10 minutes of its Biz Asia program this morning to gold. There was a report from one of the country’s major gold bazaars. “On Saturday,” said the manager, “there were so many customers it was difficult to get into the [...]

China Buys the Dip (and India, and Japan…) appeared in the Daily Reckoning. Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter. Reported by The Daily Reckoning 56 minutes ago.