https://markets.businessinsider.com/news/stocks/stock-market-news-today-index-reaction-china-bullishness-economy-coronavirus-2020-7-1029369146?utm_campaign=brow
ser_notification&utm_source=desktop#
Yea apparently china told people to buy stocks and they buy.
Like WTF …
Right on the heels of this - 2 days ago - previous trading day -
https://economictimes.indiatimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/articleshow/76707339.cms
Yea Chinese banks defrauded the public by holding copper with gold covering.
The 83 tons of purportedly pure gold stored in creditors' coffers by Kingold as of June, backing the 16 billion yuan of loans, would be equivalent to 22 per cent of China's annual gold production and 4.2 per cent of the state gold reserve as of 2019.
In short, more than 4 per cent of China's official gold reserves may be fake. And this assume that no other Chinese gold producers and jewelry makers are engaging in similar fraud, the report said.
Cool.
Srinath.