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@Goldfinger Stronger Chinese yuan correlating with $gold strength and vice versa: http://cdn.ceo.ca/1ccm4s7-GOLD_USD_CNH_.png+ $China
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@Goldfinger $China is borrowing abroad again: http://cdn.ceo.ca/1cd06j8-China_Borrowing.png+
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@Goldfinger Shanghai Composite runs into resistance at 61.8% Fibonacci retracement of December 2015-January 2016 decline: http://cdn.ceo.ca/1cd0hku-Shanghai_Comp_3.20.2017.png+ Bearish engulfing candlestick + lower high on Friday combined with 64 consecutive trading sessions without a 1%+ decline. $China
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@Goldfinger More than 1/2 of $China new credit creation comes from real estate: http://cdn.ceo.ca/1cd0lie-IMG_5893.JPG+
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@Leon A new trend emerges - #DigitalGold "It's nearly impossible for young people to invest in property in first tier cities in #China. Alternatively, they put small amounts into #gold as a low risk investment. https://libertyblitzkrieg.com/2017/03/23/a-new-trend-emerges-digital-gold-gifting-gains-popularity-in-china/
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@Leon #Russia #China lay groundwork for #BRICS transactions in #gold - trading in local currencies has already started. http://russia-insider.com/en/russia-china-lay-groundwork-transactions-gold/ri19355
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@Goldfinger Anyone else think ZH has jumped the shark as far as number of ads on their pages? Anyway interesting post about a huge $gold find in $China: http://www.zerohedge.com/news/2017-03-29/chinese-gold-miner-claims-discovery-largest-ever-gold-mine And even more interesting to me is the final paragraph: "Chinese gold companies have been stepping up their search for domestic deposits and eyeing acquisitions as the nation seeks to increase reserves by 3,000 tons to as much as 14,000 tons by 2020, the Ministry of Industry and Information Technology said last month. That amount of holdings would propel China into first place globally for official gold reserves."
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@Goldfinger Over 1,300 tons of $gold flowed into $China & Hong Kong globally last year, a drop-off from more than 1,600 tons in 2015 (probably due to higher gold price): http://cdn.ceo.ca/1cdoqpt-Gold_Exports_China.png+ via RBC
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@Goldfinger In 10 years the West will wake up and $China will have all the $gold and we will have all the debt.......whooops.
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@Samson @Goldfinger re 1,300 t of $gold flowed into $china in 2016. This is a complicated issue. Firstly, over 60% of China's gold consumption comes from the jewellery sector. Currently this industry does not need as much gold as before because retailers are shifting the strategy from volume in the past to margins. In the past they sell alot of 24k gold (low margin). Now they are pushing high margin products like gems and 18k. Secondly, in order to protect the yuan exchange rate, the PBOC 'suggested' the banks to import less gold. China is very likely to import less gold in 2017 vs 2016, as the import quota will be likely less this year.
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@Leon Shandong Gold may have found #China's biggest gold mine and the volume could reach more than 550 tons once exploration is completed in two years. #gold www.bloomberg.com/quote/SDGGCZ:CH www.bloomberg.com/news/articles/2017-03-29/shandong-gold-says-it-may-have-found-china-s-biggest-gold-mine
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@Goldfinger Currency manipulators convention at Mar-A-Lago next weekend, yay ~~~> http://www.reuters.com/article/us-china-usa-idUSKBN1710PU $China
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@MiningBookGuy The World's Top Gold Nation Just Found Its Largest Deposit In History http://piercepoints.com/mining-investment-exploration-gold-china-discovery-shandong/ #China #Shandong #gold #discovery @PiercePoints #PiercePoints "All told, Shandong Gold estimates the current gold resource here at over 382 tonnes — equal to 12.3 million ounces. With the company saying the deposit could grow to 550 tonnes, or 17.7 million ounces. A mark officials said would be China’s largest gold find ever.The grade is reportedly high, at 4.52 grams per tonne."
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@Goldfinger Great read on the Trump-Xi meeting this weekend: http://www.newyorker.com/news/evan-osnos/can-trump-match-xi-jinpings-game/amp Xi will not be playing golf with $Trump and many $China strategists see Trump as a paper tiger who can be manipulated for short term gains.
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@Goldfinger In all seriousness U.S. - $China trade policy will be largely shaped by a 36 year old with virtually zero foreign policy experience, Jared Kushner, Trump's primary advisor and son-in-law.
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@Goldfinger You can be sure that North Korea will be a topic of discussion this weekend at Mar-A-Lago ~~~> http://www.reuters.com/article/us-usa-defense-northkorea-china-idUSKBN1762MO $China $Trump
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@Goldfinger $China is planning the development of a new economic zone: http://www.businessinsider.com/china-xiongan-big-as-new-york-2017-4 China building/materials stocks rallying in early trading today: http://cdn.ceo.ca/1ce8iu3-IMG_6113.JPG+ $copper
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@EpsteinResearch In the next several days, North Korea & China are on Trump's to do list. With recent news of a North Korean ballistic missile fired 60 km into the sea, this should be interesting. #Korea #Northkorea #China #Trump saying the U.S. will go it alone on North Korea if need be. How can the #gold price not go up!?! "....senior White House officials warned that the North Korea threat is now "urgent." North Korea has been the subject of an interagency review since Trump took office. U.S. intelligence officials believe that at its current pace, it will have the ability to reach the U.S. with a nuclear missile within a year, and Obama warned his successor of the escalating danger before he left office. "The clock has now run out and all options are on the table for us," a senior White House official said, providing a glimpse at Trump's message to Xi.
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@MiningBookGuy Peru expects to boost its copper output by 32 pct by 2021-minister http://www.reuters.com/article/chile-copper-peru-idUSS0N1H7004 #Peru #copper #WorldCopperConference " #Peru surpassed #China as the world's No. 2 copper producer last year on the back of a surge in production from MMG Ltd's Las Bambas project and an expansion at Freeport-McMoRan Inc's Cerro Verde mine. "
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@MiningBookGuy China said to be in advanced talks to buy half of Barrick Gold’s Argentina mine, deal could top $1 billion http://business.financialpost.com/news/mining/china-said-to-be-in-advanced-talks-to-buy-half-of-barrick-golds-argentina-mine-deal-could-top-1-billion $ABX #Shandong #gold #China #Argentina "China’s Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 per cent stake in Barrick Gold Corp’s #Veladero gold mine in Argentina, in a deal that could fetch more than US$1 billion, people familiar with the process told Reuters. Barrick is no longer in discussions with China’s Zijin Mining Group Co Ltd about the Veladero mine stake sale, the people said."
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@Leon Shandong Gold, who recently announced to have found #China's biggest #gold mine, has entered into a strategic cooperation agreement with $ABX paying $960mn for 50% of Barrick's Veladero mine in Argentina. www.barrick.com/investors/news/news-details/2017/Barrick-Announces-Strategic-Cooperation-Agreement-with-Shandong-Gold/default.aspx
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@Leon After a #EuroCollapse, the Cayman Islands as a British Overseas Territory would be one of the greatest beneficiaries of the new #EU. Btw. the #BLICS countries (Belgium, Luxemburg, Ireland, Caymans, Switzerland) have done the heavy lifting to maintain the foreign U.S.Treasury bid while #China have been selling despite record dollar surplus! https://econimica.blogspot.de/2017/04/euro-saved-germany-slaughtered-pigs.html
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@Goldfinger Larry Fink says $China is a currency manipulator but not the way $Trump thinks: https://amp.businessinsider.com/larry-fink-on-china-currency-manipulation-xi-jinping-2017-4
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@EpsteinResearch #Syria + #China + #NorthKorea for the next 48-72 hours.... this can't possibly end well....
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@Goldfinger $China and $Russia will be even more committed to destroying reserve status of US dollar, their CBs will be buying as much $gold as they can possibly get their hands on.
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@Goldfinger $China looks like it will take care of Kim Jong Un, $Trump must have offered quite a large carrot to Xi: http://www.businessinsider.com/south-korea-china-agreement-north-korea-2017-4
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@Goldfinger @Edp007 Posturing and hoping $China will handle things first.
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@racker Hardline #China govt connected newspaper, Global Times, just issued an editorial on #NorthKorea's nuclear ambitions. Key sentence: “If the North makes another provocative move this month, the Chinese society will be willing to see the UNSC adopt severe restrictive measures that have never been seen before” http://www.globaltimes.cn/content/1041998.shtml Have Trump and Xi reached an agreement that North Korea has to be stopped, albeit not by using unilateral US military force? "Pyongyang should avoid making mistakes at this time."
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@Leon With moar war on the horizon, #copper and #iron-ore ought to be in great demand with rising market prices. $LYC.AX should profit immensely if #China is blocking further supplies in #REE to the Western high tech industry. #Syria #NorthKorea $BHP $RIO.L $FCX
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@Goldfinger Looks like $Trump spoke to Larry Fink, complete 180 now saying $China is not a currency manipulator.
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@Goldfinger Market fearing that North Korea will conduct an underground nuclear test which will force a reaction from $China, US etc. Tricky situation because Seoul, South Korea can be leveled within an hour by North Korean artillery, rockets, etc.
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@Goldfinger @Highheat Either miners catch up soon or metals fall. This chart of $China credit impulse may help to partially explain this gap in performance: http://cdn.ceo.ca/1cevjvn-IMG_6237.JPG+
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@Goldfinger Nothing new there anon, Russia has been tracking US ships all over the globe for the last two years. Of course $China is going to monitor what's going on in its backyard.
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@MiningBookGuy Super Pit deal falls over http://www.mining-journal.com/world/australia/super-pit-deal-falls-over/ "Chinese group Shandong Tyan Home Co (CH:600807) has pulled out of a proposed A$1.3 billion (US$980 million) offer on Barrick Gold’s (US:ABX) 50% stake in the Kalgoorlie Super Pit in Western Australia." $ABX #Shandong #gold #China #Kalgoorlie #SuperPit #Australia #MiningJournal
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@Goldfinger $China knows US has no good options on NK so they are just playing games. Problem China will eventually have (along with rest of world) is NK will build more nukes and better missiles.
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@mike Tim Seymour‏Verified account @timseymour 3h3 hours ago #China leaning on leveraged loans and this is hammering #Ore and Coal met coal mkts..
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@MiningBookGuy green anon - i used to think #China was becoming this dominating power. i now believe they are fragile, but could still surprise to the upside. On the other hand, I think #Japan is way, way underrated! they are picked on constantly, despite having an incredible Navy and being far more wealthy per capita than the Chinese. (and importantly, more unified) Just comparing these 2 because their in the same region, and the consensus is "China strong", "Japan weak" #geopolitics
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@MiningBookGuy anon - we'll see...i 'hope' for 'world peace'...but 'hope' is just as dangerous in the real world as it is in the junior sector! i fully expect various countries to get 'sized up' for various strengths/weaknesses soon. some countries that are considered weak (like #Japan and #France) could be far stronger than expected, primarily because of organized military. #China is the main target for 'overrated'...but #Germany might fit there too. #demographics are important, but who cares when the 'crisis' is right on the doorstep? what we care about then is who is 'weak' because of lack of 'strategic resources', dependency on global trade, 'strength of military', etc. and i'm just repeating some stuff i've read and processed recently. i don't want to go into more detail right now, but wanted to 'change-up' the #index contributions a bit for fun. can pick up the conversation another time! #geopolitics
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