China is preparing to bury the dollar

In Beijing, spoke about the need to exchange for gold hundreds of billions of dollars, which devalue the U.S. currency ...

The official newspaper of China's 'People's Daily' published the recommendations of Chinese economists, who are reduced to the idea of ​​the Celestial replenish gold reserves.

Economists have advised the leadership of the country's gold reserves increased by 6 times - up to 6 tons. This means that in the short term, China could throw the market of hundreds of billions of dollars from its reserves, says the Russian 'Nezavisimaya Gazeta'.

Now China's foreign exchange reserves exceed $ 3 trillion., So Beijing could afford to exchange a few hundred billion in gold.

'If China starts to buy gold, then the market will receive two signals for the growth of its price. The first - entered the market a major player, which would destabilize the current parity of supply and demand. The second - the main creditor of the United States begins to seriously question the real value of the dollar and / or the creditworthiness of States, which inevitably will increase the panic in the market and search for another alternative to the dollar. In the medium term such a move would lead to a depreciation of the dollar '- quoted as a financial expert Ravil Nigmatova.

Analyst Ilya Balakirev said thus: 'The statement of Chinese economists such an intention - a landmark step, and it can generate an avalanche, in which we are waiting for the final collapse of the world model, constructed by American rules. This attack is not gold, but the dollar as international reserve currency. The consequences would be enormous. '

I still do believe EU will go long coz I am long

if you manuplate EA it will loose. no chance.
even variable spread ( if you are trading with ) makes your EA fail.

walker

henryzhong posted:
Hope you guys are right~. I'm using EA and now it's keeping the LONG positions. They should had been closed but I manually modified the TP~ Too greedy!

no
Mars30 posted:
 евро идём на 2380, кабель 5720. потом кабель сливаем пипок 80-150. евро до 2300-2320.. и обратно евро на 2430(мин.). там и евркабель должон подрости. за счет чего и дотолкают до 25(хотя 25 не факт) .....пока так миркую. корекшин по ходу событий!

EU heading up. lets see if can continiou