A whole Team that is "Vati" to dissemble while anons talk past them.
Interesting observation, but leaves out there could be a defense against a greater margin call. Mother of all stop orders under $4K?
Lukas Ekwueme @ekwufinance
Is China defending the $4,000 gold price?
China's central bank gold purchases:
-
March: +4.98t | Gold: $5.4k
-
April: +8.09t | Gold: $4.6k
-
May: +9.95t | Gold: $4.4k
-
June: +14.93t | Gold: $4.2k
The lower the gold price went, the more China bought.
June marked China's largest monthly purchase in 3 years and its 20th consecutive month of official gold buying.
Coincidence… or is China quietly putting a floor under gold?
https://x.com/ekwufinance/status/2078447617436962895
Repoasting.
Interesting observation, but leaves out there could be a defense against a greater margin call. Mother of all stop orders under $4K?
Lukas Ekwueme @ekwufinance
Is China defending the $4,000 gold price?
China's central bank gold purchases:
-
March: +4.98t | Gold: $5.4k
-
April: +8.09t | Gold: $4.6k
-
May: +9.95t | Gold: $4.4k
-
June: +14.93t | Gold: $4.2k
The lower the gold price went, the more China bought.
June marked China's largest monthly purchase in 3 years and its 20th consecutive month of official gold buying.
Coincidence… or is China quietly putting a floor under gold?
https://x.com/ekwufinance/status/2078447617436962895
You miss the point that it's been rehypothecated agin. Just like all other commodities and their private lending bubble, way back when…
Sez who? No way to tell. Outside Chyna minimum margin's Waaayyyy lower than that. 50% is US Stonks minimum mah-gin.
>>25f12b