$HSI(HSI)$ may have another 1,000 to 1,500 pts to reach a temp bottom (20% from recent highs) and $HSTECH(HSTECH)$ may drop to 3,900 to 4,000 pts if we don’t see a strong set of 3Q results from $BABA-W(09988)$ $Alibaba(BABA)$ $JD.com(JD)$ $JD-SW(09618)$ $PDD Holdings Inc(PDD)$ $Tencent Holding Ltd.(TCEHY)$ $TENCENT(00700)$ $Baidu(BIDU)$

1. A growing number of Chinese cities are heeding the call to relax property purchase rules to help reignite demand. The cities of Xiamen and Wuhan followed tech and manufacturing hubs Shenzhen and Guangzhou, as well as four other cities, in allowing homebuyers to avail of lower loan rates for first-time purchases. Initial down payments were also lowered to 20% for first-time buyers and to 30% for second-time buyers - significantly lower than the prevailing 50% or higher down payment often sought by banks. However, two of China’s most important cities - Beijing and Shanghai - have yet to loosen their property purchase rules. Existing homeowners with mortgages can also renegotiate with banks to lower their mortgage rates following repeated rate cuts by the PBoC this year.

Hi, ho, #silver! Can you get a better technical chart than this? $SLV $PSLV $PAAS $WPM $RGLD $HL $iShares Silver Trust(SLV)$ $Sprott Physical Silver Trust(PSLV)$ $Pan American Silver(PAAS)$ $Wheaton Precious Metals(WPM)$ $Royal(RGLD)$ $Hecla Mining(HL)$ Wow. Next stop 35 it seems. We anticipated this situation unfolding early on in @Stansberry Commodity Supercycles. Silver stored in the LBMA continues to decline. There simply aren't enough new major discoveries being made (and not enough new investments) to satisfy demand coming from invest

1. China’s foreign exchange and gold reserves climbed higher in November. The People’s Bank of China (PBoC) reported the country’s foreign exchange reserves increased $70.6 billion in November to reach $3.17 trillion. The figure was slightly higher than the $3.14 trillion expected by the market, which points to resilience in the nation’s ability to generate a positive balance of payments despite the economic headwinds and slowing exports. However, slowing imports are also warning of weak domestic consumption, which needs to be addressed with stimulus. Meanwhile, China continues to accumulate gold, with central bank purchases up another 380k ounces in November. The country’s official gold reserves amounted to 71.58 million ounces last month, another record high.