Wednesday, September 9, 2009

The gold put option (courtesy of China)

The Chinese are providing a floor on the price of gold:

http://moneynews.newsmax.com/streettalk/china_gold_put/2009/09/09/257918.html

This is not an old theme in these blogs, but now, the Chinese aren't being as evasive about it. They're coming out and declaring they aren't happy with the US Treasury's printing presses.

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