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China buys the dip as gold is 'technically oversold'

Section: Daily Dispatches

11:59a ET Tuesday, July 21, 2026

Dear Friend of GATA and Gold:

If you're looking for encouraging signs, MarketWatch today quotes some analysis showing that China has been buying the recent fall in gold prices and an upward reversal is coming:

https://www.marketwatch.com/story/china-has-been-buying-the-gold-dip-and-these-analysts-say-a-comeback-is-brewing-6b0400d3

And Money Metals Exchange analyst Mike Maharrey's commentary today is headlined "Gold Is Technically Oversold with the Debasement Trade Alive and Well":

https://www.moneymetals.com/news/2026/07/21/gold-is-technically-oversold-with-the-debasement-trade-alive-and-well-005083

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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