Silver Market Morning: Jan 17 2017 - Gold and Silver moving higher with a lower $!

Snippet: 
Chinese investors know the Yuan will continue to fall and are protecting themselves against this. While the People’s Bank of China has been selling dollars to lift the Yuan over the last week, we doubt they will keep doing this after President Trump as of the 20th January takes office. China is preparing for a confrontation with him. We therefore see the Yuan continuing to weaken in 2017 and Chinese demand to remain robust, despite Xi’s plea not to go to a trade war and keep markets free at Davos.

Gold Today

Tuesday, January 17th


First published here: Silver Market Morning: Jan 17 2017 - Gold and Silver moving higher with a lower $!

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