Insatiable Chinese Gold Demand Continues Unabated - Koos Jansen

``The pattern is as clear as can be; the lower the price of gold the more the Chinese buy. As of October 31 (week 44) the price of gold fell to $1,172 an ounce'' -- This hard data is in a bit in contrast to "some" media reports we've seen in recent days claiming Chinese demand is weak. Those reports may be focused on only small-scale retail buying, of the least savvy investors -- as opposed to the "smart money" likely to be buying physical in bulk through the Shanghai Gold Exchange.