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Currencies On The Move.

|Includes:Market Vectors Chinese Renminbi/USD ETN (CNY), GLD, SGOL, UUP

An interesting article by Ben Kramer-Miller reviews the rumors that China will back their currency (CNY rated "buy") with gold. This would be favorable to our investment in CNY.

Blackrock outlines 3 reasons why they believe that the dollar will rise. I actually don't agree with these reasons, but I do believe that the dollar will strengthen this year and rate UUP a hold.

Disclosure: I am long UUP, .

Additional disclosure: I hold gold coins.

Stocks: CNY, UUP, GLD, SGOL