yuan based crude trading

[cattleman + 29]

any thoughts of this new Chinese crude oil exchange set to start tomorrow? think it will effect our crude prices much? buy gold for the uncertainty trade of what it could do to our dollar?

[Marina Schwarz + 1,576]

It started with a jump but the trading session only lasted two and a half hours, so that's no indication of anything. I'd give it at least a week before some sort of picture emerges.

[D.V. Davis + 1]

Wait and observe.