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Massive Imports Of Gold Into China / NY Empire Index Goes Negative For First Time Since Oct

by Harvey Organ

Good evening Ladies and Gentlemen:

Gold closed up today to the tune of $4.20 to $1603.70. Silver finished the session up 5 cents to $27.81 Today it was a lacklustre day with no real activity to report on. The only big news was the massive importing of gold into China last month. In the last 6 months they have imported 383 tonnes of gold. They have been selling treasuries and purchasing gold with the proceeds. Also for the first time since October, the NY manufacturing area saw a contraction in its index. Early in the session we saw this (if true this will be earth shattering):

The Euro was hit due to the following rumour:

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