Shanghai Gold Exchange Sees Volumes Jump 24%
"The strong physical demand in China is the main reason behind gold's resilience," a Beijing-based trader told Reuters.
Tuesday, March 12, 2013
Monday, March 11, 2013
China's "Hot Money"
Why is this chart important? Well, China may now be sitting on a inflationary macro cycle about to get out of control.
The Financial Times has reported that China’s central bank reported that companies and individuals sold Rmb 684 billion ($109 billion) worth of foreign exchange and bought an equivalent amount of Chinese currency in January 2013 --- a record for a single month.
Friday, March 8, 2013
China warns over currency wars
via Financial Times:
China warns over fresh currency tensions
Competitive devaluations will hurt emerging nations, says Beijing
China warns over fresh currency tensions
Competitive devaluations will hurt emerging nations, says Beijing
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