i think the chinese are speculating less in the metal because their bankers are being arrested by the plenty for having let out essentially unsecured loans via corrupt ways
liquidity is drying up
folks are looking to decamp positions
and i simply do not see how the rmb can be revalued against the usd given financial system weakness and impending economic slowdown, coupled with for sure real estate crash
and i do not see how the rmb can be floated and stay up
and i figure, should the rmb be re-pegged against a basket, leading to all asian nations to do the same, and then the chinese do a float, will leave the rest of asia in a lurch, having to choose a float, stay with the peg, either way, watching the rmb go down against the basket, and ...
in any and all cases, competitive printing must be the end game, and if so, hold on to your physical gold, material platinum, and certificate preciousness
also, am getting ready to short precious puts
chugs, j |
