Re: Chinese stock losses…..
Well – here’s another interesting little area where the dominoes can start to topple…..
As you may be aware, there are MASSIVE short positions currently on gold and silver.
According to ZH “It has been the speculative selling of the equivalents of 10 million oz of gold and more than 250 million oz of silver (all arranged by the COMEX “commercials”) that has caused prices to drop. And it will be the unwinding of speculative short sales and new long positioning which will drive prices higher.” Yes – but what would happen if external factors came into play?
So, here we have more nosedives on the Chinese stocks (with more to come) which may well panic investors into safe havens such as precious metals.
Therefore the big players could be caught with their cummerbunds down – big time.
Interesting if they get enmeshed in their own manipulations…..rather poetic, don’t you think??
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