This explanation assumes readers know what the heck "impulse bounce above 0.97886" means, what it leads to directionally, time wise, etc. - in other words the explanation is USELESS. This is like telling someone about the wiring in an electro magnetic thing-a-jig, but not how it works, or what it does.
In the future, get charts from a source that knows how to talk to ordinary people
Several weeks ago it was reported that China was NOT buying more gold, which was the night gold fell $100. With commodities such as copper at near record lows, China's bank are in deep do-do as some copper has been pledged to multiple lenders.
Also, China has been SELLING its reserve currencies to meet the $500 billion of outflow of capital in the last 90 days.
So my question, what facts do you have that China is buying gold?
Also, the Chinese currency does not trade, or float, and is pegged to the USD. So how does that make it a global currency? If the Yuan was allowed to float China would have 100 Lehman bank failures, due to the undercapitalized and reserved banks.
Also, since the British Pound is only 4% of the SDRs, why would anyone expect the Yuan to be more than 4%? And why would China's entry come exclusively at the expense of the USD, and not spread proportionately to all the currencies? Since the USD is 64% of the SDR basket, what big "catastrophe" is going to hit the US?
This all sounds like a bunch of Stansberry rubbish and fear mongering.
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USDCHF: Wave 5 Possibly In Progress
This explanation assumes readers know what the heck "impulse bounce above 0.97886" means, what it leads to directionally, time wise, etc. - in other words the explanation is USELESS. This is like telling someone about the wiring in an electro magnetic thing-a-jig, but not how it works, or what it does.
In the future, get charts from a source that knows how to talk to ordinary people
‘My Bailout Is Bigger Than Yours’ – China Is Buying More Time To Buy Gold
Several weeks ago it was reported that China was NOT buying more gold, which was the night gold fell $100. With commodities such as copper at near record lows, China's bank are in deep do-do as some copper has been pledged to multiple lenders.
Also, China has been SELLING its reserve currencies to meet the $500 billion of outflow of capital in the last 90 days.
So my question, what facts do you have that China is buying gold?
Also, the Chinese currency does not trade, or float, and is pegged to the USD. So how does that make it a global currency? If the Yuan was allowed to float China would have 100 Lehman bank failures, due to the undercapitalized and reserved banks.
Also, since the British Pound is only 4% of the SDRs, why would anyone expect the Yuan to be more than 4%? And why would China's entry come exclusively at the expense of the USD, and not spread proportionately to all the currencies? Since the USD is 64% of the SDR basket, what big "catastrophe" is going to hit the US?
This all sounds like a bunch of Stansberry rubbish and fear mongering.