Wednesday, August 12, 2015

Bill Fleckenstein – China’s Gold Accumulation And Their Plans For The Yuan, Stocks Struggle, Plus A Bonus Q&A

"On the heels of the Chinese devaluing the yuan, today one of the greats in the business sent King World News a fantastic piece discussing china's gold accumulation and their plans for the yuan, plus a bonus Q&A that covers precious metals, the Gartman curse and much more.
August 11 (King World News) – Yesterday I closed my column by asking what the motivation was for the PBOC to let us know it was buying more gold, and last night perhaps we got a partial answer, as China changed its method of pegging the yuan, and also let its currency slide a couple of percent…."


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