Anonymous ID: fc7f7e Dec. 14, 2018, 6:07 p.m. No.4315848   🗄️.is 🔗kun

Article pinning gold to the yuan. Q talks about gold and Y’s.

Is this the ¥ ? Money leaving China has gone into safe havens other than gold.

 

https://www.kitco.com/commentaries/2018-08-13/The-Mystery-of-Gold-and-the-Chinese-Yuan-Part-II.html

 

Since mid-April, the yuan (CNY) or RMB, has been heading down the mineshaft - the longest fall since a shock devaluation in 2015. Gold has been in the same shaft briefly exploring lower levels just above $1,200 per ounce. The stunning correlation between the two suggests a model of gold price based on the yuan can be helpful in determining near-term bottom and tops for the lustrous metal. The July column derived such a model. The meander of the Comex December contract has remained within those model predictions to date – so far so good.