CHINA has put Gordon Brown’s investment philosophy to shame by enjoying a near-doubling of the value of its gold reserves.
The People’s Republic has gold reserves worth $10.8 billion (£6.2 billion), based on yesterday’s $558.60 gold fix in London, compared with about $6.6 billion at the end of 2002, when China last increased [...]

The above chart is a weekly chart of the XAU gold stocks index. I have said in several previous posts that gold stocks needed to hold the support area outlined above for me to remain bullish on the sector.
During this past week, it appeared that the gold bulls had capitulated, and the bears [...]