john paulson

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China will now allow its citizens to purchase a gold-backed ETF which will help boost demand for bullion as India continues to curb their demand. Find these stories here: http://wp.me/p2hryu-Be China approves gold-backed ETFs China approved two domestic exchange-traded products backed by gold as global holdings of the precious metal in ETPs dropped to a two-year low. Huaan Asset Management Co. and Guotai Asset Management Co. received the China Securities Regulatory Commission's permission to start the funds, which will be denominated in yuan, said Liu Jianqiang and Li Yebin, spokesmen for Huaan and Guotai. They will be traded like stocks on the Shanghai Stock Exchange, tracking movements of spot gold on the Shanghai Gold Exchange, Liu and Li said separately by telephone from Shanghai. A bullish divergence emerges when gold prices hit a new low in overnight action, but momentum (the nine-period relative strength index) hit a higher low. It often presages a counter-trend bounce. Very short-term, gold bulls face strong nearby resistance at $1,387.40-$1,387.70. The bulls would need to reclaim that zone to confirm a minor bottom on the hourly chart. Within days of hiking import duty on gold, Chief Economic Advisor Raghuram Rajan today said government could take more steps to curb demand for the precious metal amidst widening current account deficit. "We are undergoing period of volatility (in rupee)... Obviously in the government, we don't like to see volatility... This could be temporary phenomenon," he said. -- More Information About Silver --- 2013 Silver & Gold Price Predictions: 1) Complete Predictions Playlist: http://tinyurl.com/a4vr97l 2) Robert Kiyosaki: http://tinyurl.com/aq6t8jr 3) Jim Rogers: http://tinyurl.com/avq7uxl 4) Peter Schiff: http://tinyurl.com/cjnv3ar 5) Gerald Celente: http://tinyurl.com/bu4oc93 6) Jim Sinclair: http://tinyurl.com/b2hkoq9 7) Eric Sprott: http://tinyurl.com/ccu4z5c 8) George Soros: http://tinyurl.com/b97fb44 9) John Paulson: http://www.youtube.com/watch?v=ejHxeY3fU1Q 10) Marc Faber: http://www.youtube.com/playlist?list=PL2WWM-Cq2nuLM3d1iAo8uSEa6Kvr5NkNp Recommended online bullion dealers: 1) JM Bullion: http://tinyurl.com/99mz7ue 2) SilverGoldBull: http://tinyurl.com/9f7nkcv ----For silver coins: Canadian Maple Leaf, American Eagle, Fiji Taku, Chinese Panda Rare silver proof coins: PM Australia: http://tinyurl.com/d63en9a