Loading ...YUAN
Usually the Yuan is a Yawn ( as it has been loosely pegged to the US Dollar so doesn’t move freely )
Thanks Silverfox
A……Your charts below are excellent !
B…….Your observation that the Yuan IS the strongest Gold Correation Currency Now is stunning.
Rambus has found a Yuan ETF which he posted on recently
I had never heard of it but there it is CYB
Most of the currency sites basically ignore the Yuan….But now with an etf we can follow it in real time
The YUAN is NOT a component of the US Dollar Index ?
WHY NOT ?…Its China ! 1/3 of the worlds population use it !
Thanks Foxy for you contributions
And where does it look like the Yuan is going ? We recently hit a low and turned up…
TSI is building…
Has gold divorced the Japanese Yen and married the Chinese Yuan?
Or is it just an affair?
Or is it just a coincidence?
Sound of smashing pots and pans…
Gold: I can explain darling. I took the plunge with you but yes I admit, I took a brief dive with your estranged sister, Yuan
Yen: How COULD you?
Gold: It was just a mistake … after the party, I took her home and she invited me in for coffee. I was worried that you and I are not compatible anymore and our correlation has started to break down. Nothing much happened – but I did take a brief plunge. I just did it to find support, maybe somewhere around $1120-1130.
Yen: I’m LEAVING YOU! You go off with your beloved Yuan. Your clothes are all outside in the rain. Get out of here! You’ll be hearing from my lawyer in due course. I don’t want you anymore anyway. You’re in a bear market.
🙂 🙂