I just don't understand. It was almost like in an instant.
Was there some pretty bad news?
The volatility is very unpredictable right now.
Is this a downtrend or will it be back up?
Thanks
No one knows which direction the market will move! You can ask until you are blue in the face, the price might rise, the price might fall.
It seems now like we had a mini-bubble. The Yuan price was 8900, which is an all time high, and about $1280.
Now the Chinese price has fallen back into line with the USD price, and the mini-bubble has popped. We are back at mid-December prices, remember the price was sub800 early in December, so we are still actually up since then! I am hoping for a continued rise from here, without it bubbling over. Who knows what will happen though.