Big news in the Chinese currency - it's good for gold!

Interested in the big currency news for today? Why yes, that would be this:

“

The People’s Bank of China has decided to proceed further with reform of the RMB exchange rate,” was the

actual statement.

What did the Agora Financial 5 Minute Forecast have to say about this? “A “free” yuan is good for just about every asset class except the dollar and U.S. Treasuries

,

the market claims today.”

Did you catch that? That means it is very good for gold as an investment. Gold coins that is! Keep your eye on those gold charts and gold supply and demand!