I own shares of CYB denominated in $s, and there has been no share price increase. Futures don't show any discernible spike.
So, in theory, I certainly don't disagree, but the market data does NOT reflect the position asserted by the Op or WGC.
You also have to account for the hard facts of the data on the ground too. And those do not demonstrate any kind of Yuan appreciation against the dollar yet.
Want DP delivered to your inbox daily? Subscribe here: