rdw

http://ftalphaville.ft.com/blog/2010/03/12...nminbi-rumours/

The Chinese-currency rumour mill is “churning overtime” traders noted on Friday, as forward renminbi contracts headed towards their biggest weekly gain in two months.

Citi traders said on Friday morning that much speculation about a weekend (upwards) revaluation of the reniminbi brought more heavy selling interest.

The point, according to Citi, is that “no one is certain when their wish [for a revaluation] will be granted by Chinese authorities” but, “nobody can afford to NOT have a position if there is a GO for the reval”.

What would a Chinese interest rate hike and currency revaluation do to my Gold Miner and Pacific Bason share funds, not good I suspect.

http://www.proactiveinvestors.co.uk/compan...data-14360.html

The headline says

"Friday, March 12, 2010

Gold reaches $1,150 as US dollar falls ahead of US retail sales and consumer sentiment data"

But the article says

"The yellow metal climbed to US$1,115/oz, while silver and platinum advanced to US$17.28/oz and US$1,620/oz respectively"

Someone will be in trouble for that.