The Really Useful Gold Thread

well done Geoffcapes, no I am flat gold. I suspected a retracement , too soon. anyhow:
found this on Bulliondesk today:

China should increase its gold holdings to 2,500 tons from 600 tons in the ``short term,'' the nation's official Xinhua News Agency reported today, citing economist Teng Tai, of China Galaxy Securities.

That would make China the world's fifth-biggest holder of gold, behind the U.S., Germany, the International Monetary Fund and France. It is currently ranked No. 10, according to the London-based World Gold Council...
- ( my comment now) this Agency is the mouthpiece , and ( as I found before) tends to be correct. China shall increase gold reserves by 1900 tonnes in 06. Not surprising gold is rising .