John Rubino--Is The Capitulation and Chinese Gold Reserves Number? #2724

Flash-crash in gold early Monday am just adds to the fun. Can you believe the Chinese Gold Reserve Number? We don't. Treat it just like any other government economic statistic, designed to accomplish a specific governmental goal, whatever that might be. Rick Rule has been waiting for the Great Capitulation. Could this be it? We're not sure, but we're certainly a lot closer to it than we were. Remember to always treat your PM holdings as an insurance policy and none of the noise will reach you.