gold and the chinese currency

  1. 5,447 Posts.
    The key to the gold price will be the revaluation of the renminbi,Chinas' currency.At some point it will have to be floated,hence the purchase by China of gold.When this happens,the gold bull will come to a halt.At the moment it is linked to the $US and flooding the world with goods.The pressure will build for revaluation from within and outside.The timeframe for this is unknown but the charts may provide some clues.
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