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Retail analyst Rahul Sharma raises the possibility that purse strings in China could be...

Retail analyst Rahul Sharma raises the possibility that purse strings in China could be loosening again after retail sales in the nation came in strong recently and Macau gambling picked up again. Good news from China's high-end spenders would also be good news for Tiffany's (TIF +0.8%), Ralph Lauren (RL +0.8%), Coach (COH +0.9%), Estee Lauder (EL +0.7%), and Michael Kors (KORS +0.4%).
Comments (1)
  • But they don't allow this to translate into higher Gold and Silver prices?

     

    China is now reported to be Number One worldwide in both Gold wholesale and Gold retail. They also say they are Number One in Gold production, although this has been disputed. Gains by China in Silver are even more impressive.

     

    When PM sector Gurus stop debating Gold and Silver on the DOGs' "classical Dow theory" terms or the "Austrian School's" austerity terms and begin to present PMs to the Market as they SHOULD be presented - as a mammoth Growth sector, reflecting the explosive growth of an enthusiastic and often free-spending Bourgeosie in those parts of the world which have not had one before - the US and UK will begin to understand the PM sector the way everyone else in the world does.

     

    And not a moment too soon.
    9 Jan 2013, 01:14 PM Reply Like
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