China backs its own gold exchange, miners looking to acquire assets

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China backs its own gold exchange, miners looking to acquire assets

posted on Aug 05, 2010 12:34AM

http://www.zerohedge.com/article/china-offically-enters-gold-market-full-release-pbocs-plan-expand-and-develop-chinas-gold-in

From Chuck Mentzel's comment posted below the article:

Dagong goes global with its first sovereign risk ratings, saying - we are the biggest creditor, we rate you.
A few days ago, CIC, one of their biggest SWFs, was dumping Morgan Stanley's shares by the millions.
Now they focus on "improving" the gold market.

Nothing unusual about this sequence.

Really.

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