China is the "Secret" Gold Buyer (Confirmed)

Housekeeping: Good Morning. — “The Gold reset is a process, not an event”Today* Discussion: Secret Gold Buyer Confirmed* Premium: Unlocked Secret Gold BuyerDiscussion: 1- Secret Gold Buyer ConfirmedIn a post written for Monetary Metals titled: Chinese Central Bank Just Secretly Bought 60 Tonnes of Gold the author writes:The People’s Bank of China (PBoC) is covertly buying very large amounts of gold, adding upward pressure to a tense gold market.According to Chinese customs, gross gold import into the Beijing region for September accounted for 69 tonnes, which is roughly in line with the U.K.’s gross export to China of 60 tonnes. Source: Monetary MetalsUNLOCKED: GOLDMAN SHARES A GOLD SECRET* ZeroHedge: Goldman’s 'secret' buyer has elevated [Gold] prices* Video: Goldman’s Secret Buyer has reset the price 2- Wheel of Mercantilism* Russia restricting scrap exports now* China restricting access to commerce entry* China removing taxes on imports and increasing permissability to buy metals* Barrick Arrests* Monetizing Gold on the Bond yield curve* Scott Bessent, Judy Shelton, et al talking about it.News/Analysis: Equity Recap: US equities advanced on Tuesday ahead of the Fed's preferred inflation gauge out on Wednesday. Large caps bested small caps: S&P 500 (+0.57%) vs. Russell 2000 (-0.73%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) dropped 0.42% and 0.58% respectively.Market News: Mercantilist China"Apple is facing an uphill battle to release its own artificial intelligence models for iPhones and other products in China, with a top Beijing official warning that foreign companies will confront a “difficult and long process” to win approval unless they partner with local groups. FT"Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. CNBC"The U.S. government is granting Intel up to $7.87 billion to help fund new chip plants in four states, the largest award in the Biden administration program aimed at reviving American chip-making." Source: WSJ"President-elect Donald Trump’s advisers and allies say Kevin Hassett, a longtime adviser to Trump, is the front-runner to lead the National Economic Council... WSJ"The [FCC] said on Tuesday it has approved a license for T-Mobile and Elon Musk's SpaceX Starlink unit to provide supplemental coverage from space in a bid to extend internet access to remote areas. Reuters"Cybersecurity firm CrowdStrike raised its annual revenue and profit forecasts and beat third-quarter revenue on Tuesday, betting on growing demand for cybersecurity services amid growing online threats.: CNBC"Xiaomi is preparing a self-designed mobile processor for its upcoming smartphones in an effort to reduce its reliance on foreign suppliers Qualcomm and MediaTek. BloombergPolitics/Geopolitics:Data on Deck: GDP, PCE, Holiday* MONDAY, NOV. 25 None scheduled* TUESDAY, NOV. 26 New home sales* WEDNESDAY, NOV. 27 GDP PCE * THURSDAY, NOV. 28 None scheduled, Thanksgiving holiday* FRIDAY, NOV. 29 Chicago Business Barometer FINAL MARKET CHECK…See links under News/DiscussionMONDAY, NOV. 25None scheduledTUESDAY, NOV. 269:00 amS&P Case-Shiller home price index (20 cities)Sept.5.3%10:00 amConsumer confidenceNov.108.710:00 amNew home salesOct.738,0002:00 pmMinutes of Fed's May FOMC meetingWEDNESDAY, NOV. 278:30 amInitial jobless claimsNov. 238:30 amDurable-goods ordersOct.-0.7%8:30 amDurable-goods minus transportationOct.0.4%8:30 amAdvanced U.S. trade balance in goodsOct.-$108.7B8:30 amAdvanced retail inventoriesOct.0.8%8:30 amAdvanced wholesale inventoriesOct.-0.2%8:30 amGDP (first revision)Q32.8%10:00 amPersonal income (nominal)Oct.0.3%10:00 amPersonal spending (nominal)Oct.0.5%10:00 amPCE index]Oct.--0.2%10:00 amPCE (year-over-year)--2.1%10:00 amCore PCE indexOct.0.3%10:00 amCore PCE (year-over-year)2.7%10:00 amPending home salesOct.--7.4%THURSDAY, NOV. 28None scheduled, Thanksgiving holidayFRIDAY, NOV. 299:45 amChicago Business Barometer (PMI)Nov.41.6 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe