SBM 0.00% 20.0¢ st barbara limited

on support at .49, page-26

  1. 159 Posts.
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    Hope so .
    There has been another shift in world currency dynamics recently impacting POG sentiment favourably I suspect. As china currency pegged to $US and players/POG anticipating Fed rate rise in near future, in a weak global export market doing nothing would make china's exports less competitive. Therefore , why not further devalue/flex the yuan to $US by 1.9%,1.6%. The US would now have to take notice in this currency /export war and possibly may defer Fed rate rise to later. Is the POG reacting to this changing situation.
 
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