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Heres a Gold Popper upper

Posted by Ororeef @ 22:58 on October 13, 2015  

Gold Jumps As China Devalues Yuan By Most In 2 Months, “Boosts Reforms” Of Corporate Bond Bubble

Tyler Durden's picture

AsiaPac stocks are extending losses in early trading asit appears our fears about the Chinese coporate bond market bubble are also on the minds of Chinese regulators as they look to “boost reforms.” After the PBOC has fixed the Yuan stronger for 8 straight days, the onshore and offshore Yuan has weakened appreciably in the last 24 hours and PBOC has devalued Yuan by 177pipsĀ  – the biggest in 2 months (as PBOC researchers push to “speed up Yuan internationalization” and implicitly inclusion in the SDR basket).

 

Gold jumped on the Yuan devaluation…

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.