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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (96980)	1/14/2004 9:53:15 AM
From: lorne	Read Replies (2) \| Respond to of 116768

Chispas. You said...." It will be beneficial for gold, that's for sure !... ...." Although a 10 percent revaluation would be needed to bring the currency to fair value, it expects China to revalue the yuan by 2.5 percent against the US dollar in a "prudent first move" towards a more flexible exchange rate regime.".... I don't understand, I thought any action China takes that in effect would support the dollar would not be good for gold. Good chance my thinking is screwed up on this so could you explain please. ?