Well it was reported in the headlines that China has said the US dollar has hit bottom. However when you read the whole article it says that this is just some minor officials personal opinion hahahahahahahahahahaha.

Since when is some minor Chineses officials opinion that of China's.

What a load of crap hahahahahahahahahahahaahahahahahahaah.

It also happens that this week the US treasury is auctioning off I beleive 80 billion in treasuries. Thus if the pattern holds true I do not expect gold to do anything much more than consolidate for the rest of the week as I mentioned already in a prior post and so far that is holding true.

Therefore as usual expect a lot of gold negative B.S. stories coming out of the woodwork. It is a sign of golds strength that the establishment has not been able to drive down gold as they would have in the past during an auction week.

The traders in China are not dumb and they know how to talk their book or what they would like to make their book as well as anyone.

Once again as usual, do not pay attention to what people say but what they do.

All in my honest opinion as always.

F.F.