Precious Metal Pandemonium – Silver Spikes Limit-Up, Gold Surges As China FX Basket Hits Record Low

Via zerohedge.com

[Editors Note: Since my Market Update -(Titled) Bitcoin, Gold & Silver, extremely undervalued? on the 30-03-2016. 

– Bitcoin is up 50%+ , Silver up 40%+ , Gold up 8%+ 

  • “Silver just exploded above $21 – up almost 8% – its biggest single day surge since September 2013. Silver is limit up on SHFE as Gold is also surging back towards Brexit highs near $1360… China’s CFETS Renminbi basket just hit a record low”
  • “Money managers have been piling in on demand for havens and speculation that interest rates will stay low as central bankers around the world struggle to contain the economic fallout from the U.K.’s vote to quit the European Union”

Read more here..

Metals

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