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Old 06-24-2013, 12:08 PM   #16 (permalink)
Join Date: Feb 2009
Posts: 10,060

With the PBoC tightening the money supply, which hinders interbank lending we possibly will see even bigger drops as lending tightens in China and those seeking short-term money begin to purge precious metal holdings. Banks will begin to fight for deposits to increase cash holdings or else they will be stuck. Looks like the US a few years ago. Unfortunately, the US dollar is acting like the Yen making exports much more expensive.

US 10-note is rocketing today.
"All I wanted was a Pepsi and she wouldn't give it to me."

Last edited by fullmetal; 06-24-2013 at 12:10 PM.
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