"The rules of the game say you need a lot of gold to play, but you don't recognize the gold or discuss it publicly. Above all, you do not treat gold as money, even though gold has always been money."The members of the club keep their gold handy just in case, but otherwise, they publicly disparage it and pretend it has no role in the international monetary system. China will be expected to do the same. It's important to note that China will not act in the best interests of gold investors; it will act in the best interests of China..."Meanwhile, China will probably announce its increased gold holdings later this year. But don't expect fireworks. China has three accounts where they keep gold – the People's Bank of China, PBOC; the State Administration of Foreign Exchange, SAFE; and the China Investment Corp., CIC."China can move enough gold to PBOC when they are ready and report that to the IMF for purposes of allowing the Yuan in the SDR. Meanwhile, they can still hide gold in SAFE and CIC until they need it in the future."
"At the top, the majority is long and they become the fuel to make any market crash and burn."At the bottom, the opposite unfolds for everyone will be short. They will pile on looking for $600 gold and will count their profits upon entering the trade. They become the fuel to send the market higher for it always begins with a short-cover rally; people continually try to sell each rally, looking for that new low, just as the people at the top remain convinced that a decline would follow with new highs."