$50000 gold challenge, page-17

China May Float Yuan, Shun One-Off Jump, Survey Shows (Update2)- Bloomberg

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVHJDsNd6Urk&pos=1

"April 13 (Bloomberg) -- China may allow the yuan to appreciate by June 30 to curb inflation while avoiding a one- time jump in value that might endanger export jobs, a survey of analysts showed.

Twelve of 19 respondents surveyed by Bloomberg said the central bank will allow the currency to float more freely this quarter, five expect it to happen by Sept. 30, and the rest see the move by year-end. Eleven rule out a one-off revaluation, including state-owned Bank of China Ltd. and China Construction Bank Corp. Fifteen predict a wider daily trading range."

Comments: See my comments two months ago...all good for gold!