Bron Suchecki: The message behind the Chinese gold reserves announcement

Section:

10:48a ET Saturday, July 25, 2015

Dear Friend of GATA and Gold:

Perth Mint research director Bron Suchecki has done a spectacular job compiling and analyzing interpretations of China's latest gold reserve announcement, which, he writes, likely was aimed at influencing and even misleading various audiences.

In a particularly astute observation, Suchecki writes:

Knowing that a lower-than-expectations figure would likely be negative for gold prices, China may well have considered it fortuitous that the gold price was weak at the same time they wanted to encourage people to invest in the stock market. As Jim Rickards tweeted, "China is still buying gold and favors a lower price. So timing the big 'reveal' for when gold prices are weak anyway makes perfect sense," both for the State Administration of Foreign Exchange in terms of acquiring more gold and for discouraging domestic investors from shifting money from the stock market to gold.

Suchecki's analysis is headlined "The Message Behind the Chinese Gold Reserves Announcement" and it's posted at the Perth Mint's Internet site here:

http://research.perthmint.com.au/2015/07/24/the-message-behind-the-chine...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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