Replies to post #39559 on Banro Corp. fka BAA

[goldismoney1]

Alright I'm confused, seemed to me that when news hit that China devalued gold price went up.

The article states:
"Downside catalysts for the gold price near term

2) If China commits to an aggressive stimulus programme that includes further significant devaluation of the Renminbi this would both reduce the USD purchasing power of Chinese consumers and stimulate a further strengthening of the USD, which would ultimately have a negative impact on gold demand in that region."

Wtf. The logic makes sense but that isn't what is happening, right?

[Libertarian74]

It can and it will. Refer to my earlier Confucius comments :)

[ThinkSustain]

They can forecast all they want - based on past experience. The future is a whole different ball game. The world has never been in such a perverted economic and geo-political condition. You can't meddle with the natural economic laws without consequences. BAA should be able to take full advantage of future gold prices.