Monument Mining Ltd. V.MMY

China Evergrande (and its $300+ billion in debt)

[SilverNS]

Gold taking a beating today - gotta wonder if it has something to do with the following:


China Evergrande (and its $300+ billion in debt), collapsed on the 13th anniversary of Lehman's bankruptcy filing

If you are not following this - I think you should as this could cause a major market crash

[Wayned52]

Gold is down because of healthy raises in US manufacturing and retail sales . The party never stops . Along with naked shorting in PM`s and miners . The only industry where you can buy and sell something the doesn`t exist or if you want to short it you have 10 days to borrow the shares by which time you most certainly would have covered the shares that don`t exist . This was all supposed to stop

[Wayned52]

SilverNS , I did not mean to imply that Evergrande could not turn into a market changing event , it could easily start a global market panic . But gold doesn`t seem to react like a safe haven anymore . It could easily sell off with everything else . Remarkably investors run to the US dollar for safety . The same US dollar that causes all the trouble . Kind of like putting on a lead lifejacket .