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