
CHINA WARNING HAMPERS BUDDING STOCK MARKET RALLY BUT HELPS GOLD; PAY ATTENTION TO HISTORIC TAKAICHI WIN
By Nigam Arora To gain an edge, this is what you need to know today. China Warning Please click here for a chart of gold futures (GC_F). Note the following: The chart shows gold has moved up above $5000 again. The up move in gold is triggered by China’s warning. The same warning from China is hampering the budding stock market rally from oversold conditions. China is warning its financial institutions to reduce their holdings of U.S. Treasuries. China is also warning its financial institutions to limit purchase of new U.S. Treasuries. Chinese banks are large holders of U.S. Treasuries.






