ML-Implode News - China Flexes Muscles At Shanghai Gold Exchange

After having purchased no gold on the open market for at least six years; China's government has now made large, open market purchases of gold every month , for six, consecutive months. This has already totaled roughly 100 tonnes. Ultimately, this is gold which comes out of the warehouses of the Big Bank crime syndicate.
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However; China's open market purchases of gold are not the only example of China "flexing its muscles" in the gold market. Domestically, China has sought to steadily increase the role of the Shanghai Gold Exchange in the global gold market. It is morphing from being a mere alternative to the paper-fraud markets of London and New York into being a serious rival.
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While largely symbolic, these price "fixes" have a psychological impact on the market. For this reason, it will again be little surprise to readers that this same cabal of Big Banks has now confessed to the serial manipulation of both the gold fix and silver fix, in Western markets. And for that reason; it is little wonder that China is insisting upon its own "gold fix".

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China Flexes Muscles At Shanghai Gold Exchange