Re your thoughts about dumping gold to buy Yuan I can see your point of view, can also see them dumping the Euro, Swiss, GBP etc. As the Yuan is pegged to the USD only the Chinese central bank would be holding USD not individual investors they would be more likely to be holding the Euro etc which they could dump. Could a Yuan revaluation actually be USD bullish vs the Euro, gold etc. Unfortuanately I think the $A $CAD and Rand may fair better from any revaluation than the Euro, USD further increasing pressure on miners.
