China officially has gold fever. Chinese demand for gold in 2011 is being called “explosive” and “voracious”. China imported five times as much gold in 2010 as it did in 2009, and this year gold sales in China are projected to easily set another new all-time record.
• Silver rises to 30-year high as mints start to ration coins
• Dollar on the edge of the abyss
• You’re Never Going To Believe This, But Silver Is Jumping Again This Morning
While last week the focus of US naval deployment in the Middle East emphasized securing the Suez Canal in the midst of the Egyptian revolution, this week the developing story is the passage of two Iranian warships through this very canal.