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Does China have an electronicmagnetic Railgun?

The Yen soared around 10.00am AEST today as a closely followed China defence blogger posted a picture on his Weibo account showing a picture of a Chinese war ship with what looks like an Electronmagnetic Railgun. The report is significant as US and China trade tensions remain high and if the Railgun is operational then it would mean China have beaten the USA to the party on Railgun technology.

The ABC reports that the USA have been pursuing Railgun technology since 2005 but is yet to launch any Railgun weapons on its warships. As I mentioned in a Live Train With Andrew Facebook stream earlier today if it is a Railgun the market will want China to confirm or deny what is perched on the bow of one of its war ships. ABC Australia has had the story on its website for over an hour before CNBC and Bloomberg reported the story and when they did they said the Yen spike was a FLASH CRASH.

from MQL5: Traders' Blogs http://bit.ly/2SBI92H