Gold in CNY ripe for another leg up.
– PBOC easing at record debt levels as CPI approaches 4%;
– Shrinking current account;
– Worsening HK social unrest;
– EM currencies selling off;All foreshadows further CNY devaluation.
Call it the Chinese banking recap 2.0 pic.twitter.com/Q8BYy5qwQD
— Otavio (Tavi) Costa (@TaviCosta) November 18, 2019