Tuesday, April 9, 2013
Australia and China to trade in Yuan and Aussie Dollars
From smh.com.au
Original source
China's move to allow direct trade between the yuan and the Australian dollar is tipped to deepen financial links between the two countries and make the $120 billion-a-year trade relationship more efficient.
Prime Minister Julia Gillard confirmed on Monday that Australia would become the third country that will be able to trade its currency directly with the yuan, or renminbi (RMB), following the US and Japan.
Westpac and ANZ are the first two banks that will be able to offer a direct conversion between the two currencies, which must now be completed in a roundabout process via the US dollar.
Read more: http://www.smh.com.au/business/deeper-china-ties-coming-with-direct-currency-trade-20130408-2hha5.html#ixzz2PwmH7V5R
Gold to Rally Back to $1,700 per Ounce?
April 8 (Bloomberg) -- Dan Smith, head of metals research at Standard Chartered Bank, discusses the market for gold and what is impacting falling prices and his expectations for a rebound by year's end. He speaks on Bloomberg Television's "On The Move."
Simon Black talks to Peter Schiff
John Embry - The Unseen Hand factor in the Gold price
John Embry is interviewed by the Business News Network in Canada on the recent moves in gold and factors that could be suppressing the gold price. Click here or on the image to access the video.
click on image to access video
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