Friday, 16 June 2017

On the back of the Chinese speculator

The Chinese investor class can move markets, the Anglo Saxon investor class has a serious challenger.
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The Chinese government thought it was a good idea the middle class invest in stocks, what followed was the massive exponential rally in the Shanghai Stock Exchange Composite Index (SSEC). Point: This was an approved government action.

The Chinese government sees a future for bitcoin in its monetary plan, and has cleaned up the coin exchanges, such positive noise from the government has encourage the bitcoin trend, and with nearly 50% of all transactions sourced from China the price is on its way to $5000 USD (BTCSTAMPUSD). Point: This was an approved government action.

The Chinese government encourages it citizens to invest in hard money (Gold and Silver). However it is suspected it has been China who has been the late night manipulator of the gold price (well maybe some help from the BIS and JPM in silver) to allow her to accumulate physical metal at discount prices. This wont last for ever, and when the day comes for China to wish trade to be backed by gold back notes and international trade priced in yuan (including oil), you can bet the Chinese investor will rush into the yellow metal. This will be an approved government action, as Chine will be the worlds largest holder of physical metal.

In short, the US dollar importance will been reduced. Do not be surprised when one day the gold trend mirrors SSEC and BTCSTAMPUSD as the chart below suggest.


Bitcoin



Original Post: http://ift.tt/2sCRCNO