• 764 days Will The ECB Continue To Hike Rates?
  • 765 days Forbes: Aramco Remains Largest Company In The Middle East
  • 766 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,166 days Could Crypto Overtake Traditional Investment?
  • 1,171 days Americans Still Quitting Jobs At Record Pace
  • 1,173 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,176 days Is The Dollar Too Strong?
  • 1,176 days Big Tech Disappoints Investors on Earnings Calls
  • 1,177 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,179 days China Is Quietly Trying To Distance Itself From Russia
  • 1,179 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,183 days Crypto Investors Won Big In 2021
  • 1,183 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,184 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,186 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,187 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,190 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,191 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,191 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,193 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

On The Back Of The Chinese Speculator

The Chinese investor class can move markets, the Anglo Saxon investor class has a serious challenger.

The Chinese government thought it was a good idea for the middle class to invest in stocks, what followed was the massive exponential rally in the Shanghai Stock Exchange Composite Index (SSEC). Point: This was an approved government action.

The Chinese government sees a future for bitcoin in its monetary plan, and has cleaned up the coin exchanges, such positive noise from the government has encourage the bitcoin trend, and with nearly 50% of all transactions sourced from China the price is on its way to $5000 USD (BTCSTAMPUSD). Point: This was an approved government action.

The Chinese government encourages it citizens to invest in hard money (Gold and Silver). However it is suspected it has been China who has been the late night manipulator of the gold price (well maybe some help from the BIS and JPM in silver) to allow her to accumulate physical metal at discount prices. This won’t last forever, and when the day comes for China to wish trade to be backed by gold back notes and international trade priced in yuan (including oil), you can bet the Chinese investor will rush into the yellow metal. This will be an approved government action, as Chine will be the world’s largest holder of physical metal.

In short, the US dollar importance will been reduced. Do not be surprised when one day the gold trend mirrors SSEC and BTCSTAMPUSD as the chart below suggest.

 

(Click to enlarge)

By Readtheticker for Safehaven.com

Back to homepage

Leave a comment

Leave a comment