16 September 2014 ~ Free money from China & Betfair!

There were a couple of great free money opportunities today.

The first arrived at around 1pm UK time – news came out that online bookie / exchange Betfair had paid out on any “No” Scottish referendum bets… I guess this was mostly a promotional thing, but it provided some upwards impetus to 6B.

betfaired

The big one came a few hours later… CNY500 billion additional QE thanks to the Peoples Bank of China. Well, you could have bought almost anything – and you didn’t need to be particularly quick either.

Anyway, Aussie dollar or Gold futures would have been a fine choice…

free_money_china

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