China Goes For Gold! - China wants gold and it needs it to really be established as the new economical leader.

THIS IS A SIGN THAT YOU SHOULD BE GOING FOR GOLD & SILVER TOO! China knows that in order to be a true economic super power it needs to accumulate the only real money (gold & silver). Gold & Silver are money, cash is a form of a currency. All currencies fail, gold & silver are the only thing to trust.

China to allow more exchange rate flexibility

http://finance.yahoo.com/news/China-to-allow-more-exchange-apf-2128784693.html?x=0&sec=topStories&pos=2&asset=&ccode=

Cara Anna, Associated Press Writer, On Saturday June 19, 2010, 2:31 pm EDT
BEIJING (AP) -- President Barack Obama welcomed China's announcement Saturday that it will allow a more flexible exchange rate for its currency, saying it would help protect the economic recovery.

The announcement by China's central bank suggested a possible break from the yuan's two-year peg to the U.S. dollar -- a source of friction between the two countries -- but ruled out any large-scale appreciation.

The People's Bank of China mentioned no specific policy changes, though markets will be watched closely Monday for the announcement's effects. Chinese officials have said all along that reforms of the yuan, also known as the renminbi, or "people's money," will be gradual.