Monday, June 21, 2010
What Yuan Gain Means for Global Growth
Gold Rebounds After Record Profit Taking
Is China likely to buy gold?
Yes. Read all about it here.
EXTRA: Traders Reset Bets on Yuan AppreciationGold Bugs Bullish as China Allows Stronger Yuan
Gold bugs are generally bullish in the wake of China's decision over the weekend to allow the yuan to appreciate against the dollar and Friday's record-high close for gold, at $1,256.7 an ounce
On that score, it certainly pays to be lucky. Capital Gold Corporation, which recently listed on the NYSE AMEX, had the honor--and good fortune--of ringing the NYSE Closing Bell Friday. Some participants in the bell-ringing ceremony flew all the way from Tokyo to New York for the event.
$1,250 an ounce was the old barrier, as China Confidential said last Wednesday.
Tuesday, 22 June 2010
Click here for a first-rate analysis.
Gold bounces back, as reported here.
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