Strong gold sales of ¥260 million over the 7-day holiday were led by jewelry purchases. Investment sales are still down sharply for the year. In the first half of 2014, Chinese jewelry sales were up 11% and investment gold down 62%, for an overall drop of 19% in physical demand.
Maybe the gold smash was the CCP's secret gift to the people...
Source: 国庆金饰品热卖 菜百7天卖了2.6亿元
Source: 金饰品与投资类黄金冰火两重天
GOOG/GOOGL: Blowout Quarter, MSFT: Excellent Quarter As Well
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Google (GOOG/GOOGL) just reported a blowout quarter after the market close
Thursday. Revenue was +15%, Operating Margin surged to 31.6% from 25.0% a
year a...
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