SamuelRSmith on 08 July 2015
| Nettles said: Gold still going down though, maybe because of all of the wealth thats been destroyed? Heard over 3 trillion has been destroyed in the past month on the Chinese stock market.Price should hopefully shoot up again once the inevitable next round of QE starts.Don't think it'll be long now. |
QE started last weekend, that's what I meant by "unprecedented" moves by PBoC. They are "creating liquidity" and straight up buying stocks with it.
The People’s Bank of China will inject capital into China Securities Finance Corp., which is owned by the securities regulator, according to the statement by the China Securities Regulatory Commission. The company will then use the funds to expand brokerages’ business of financing investors’ stock purchases.
