The 30-year US TREASURY just executed a Bear Flag with a price objective of 115-117, which might materialize by May 15, 2014.
http://stockcharts.com/h-sc/ui?s=$USB&p=W&yr=4&mn=6&dy=0&id=p78183895358&a=329176937&listNum=2
Accordingly, the Peoples Bank of China will load up on gold with the US$ procedes it will receivwe from dumping US Treasuries.
Bank on it.
An interesting analysis in this regard is https://www.gold-eagle.com/article/gold-backed-renminbi-yuan-looms-horizon
(Chinese for Gold)
