Another expert expects Swiss franc to strengthen

The Daily FX speculates that the Swiss franc may rise if the stockmarkets run into problems:

"The Swiss currency is still being undermined by global stock market optimism and this trend could continue in the very short term, but there is an increasing threat of market instability which would tend to strengthen the franc sharply."

Another gold bug

Wall Street Window is bullish on gold.

Don't worry - make plans.

A useful formula from yesterday's Daily Reckoning: "...the importance of any event is equal to the likelihood TIMES the consequences."

Buffett speculating on the Yen? Or the Swiss Franc?

The Financial Times theorises that Warren Buffett's secret buy is the Yen.

But he lost nearly a billion betting against the dollar two years ago. Foreign exchange speculation is a casino game and Buffett is famous for caution.

What if his currency purchase is linked to his search for a large company to buy? In other words, Buffett could be looking to protect the purchase price from inflating because of a fall in the dollar. In that case, discovering the currency he's chosen might also hint at the company he's stalking; and vice versa.

Yuan to rise against the dollar - official advice

A Chinese central bank adviser is urging China to allow the yuan to rise gradually, rather than resist and then shoot upwards, Reuters reports. This, says the adviser, would ease some of the strain on US trade but also help control inflation in China.

China's private investor boom

And the Chinese have got stock market fever - see here. The headline modestly plays it as a drop in bank deposits, but nearly 5 million new trading accounts were opened in April alone. I hope they're putting it into the right stocks.

Would China dump the dollar?

Puru Saxena thinks so.