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Jul 25, 2018

Craig Hemke at Sprott Money: Potential impacts of the yuan-gold peg I GATA I THE GATA DISPATCH


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Craig Hemke at Sprott Money: Potential impacts of the yuan-gold peg

Submitted by cpowell on 01:12AM ET Wednesday, July 25, 2018
9:14p ET Tuesday, July 24, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, says the recent tight correlation between Chinese yuan and gold prices indicates massive intervention in the gold market by China to keep commodity prices down as China devalues the yuan in its trade war with the United States.