china
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Daily Market Report 4/13/16
GOLD A short term rally in the U.S. Dollar, and some light profit taking after the recent Gold rally, moved the Gold price down to $1,240 before finding bargain buyers. Gold needs to move back above $1,250 this week to stay short term bullish. The U.S. budget deficit is moving higher. The deficit increased $461 billion in the last six...(Read More) -
Gold is the pile of poker chips in next global crisis
(Read More)James Rickards maintains that gold remains the real underpinning of the international monetary system. Governments may disparage it, he says, yet many of them have held on to gold — and China and Russia have been acquiring more . . . .
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IMF Approves Reserve-Currency Status for Chinas Yuan
(Read More)The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan...
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Why Russia and China are Busy Buying Gold Bullion
(Read More)The currencies of Russia and China are moving to become as "good as gold," F. William Engdahl notes, explaining why the countries are buying gold at a steady pace...
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