and it would set into motion a huge gold crash and huge dollar rally
please note, they WARNED YOU about gold today and said it was a bubble and they won't buy
#2, china owns massive amounts of us dollars and US treasuries. they have all the interest in the world to see a solid USD
a train wreck would occur as carry trade would be crushed.
my questions to you all is this: do you feel lucky?
Why, they want US dollar to depreciate doofus, the government of China isn't trying to make money off the dollar right now, believe me. Anyway looks so far dollar still in channel and depreciating over weekend so far as this gets processed. A big risk to short is 1285 resistance on this huge volume> watch out betting big on the usd now with our fiscal plans. yikes
who took my advice ? this was posted Thursday
i told you they would support USD and crash gold
well look at this news today. gold will be down another 30-50 Monday or By Tuesday now
Just saw a tv analyst say China holds less gold as a % relative to other countries. This guy suggested China might want to get out of US dollar based investment/debt and go into gold. I doubt it as they are too smart and China need useful commodities not gold. One must always be aware that the value of gold is not based on any real supply/demand that can be measured and subject to wild swing or bubble. I doubt China starts to buy gold at such high prices. more likely they stock up on copper, nickel, Uranium, oil etc. jmho
that guy on tv has it right for once. They are behind in the game, and are pissed. It's "He who holds the gold...."
Not he who holds all the other commodities. Talk about pricing in US dollars, China realizes what the rest of the world realize, the dollar is in a death spiral.
cowtripps is full of bullsh!t, just like all fiat-phonies. If gold hits the market and causes the price to drop, there will be millions of people around the world to mop it up in a heartbeat. NOTHING has changed positively for the dollar. Our so-called president spewed the same old malarkey today that the recession is over and that businesses could now start hiring and consumers could start spending again. What a joke. Anyone with an ounce of sense knows that we are on the verge of a depression and total collapse of the dollar is imminent.
they OWN more USD than GOLD
they have more to protect by having gold go DOWN and USD to go up
they have trillions in us debt and dollars- wakeup
you don't think this could happen? I do
read the link about indian demand..its at its lowest point. this is shadows of 2008 where speculators drove commodities to prices no real buyers were at. its a recipe for collapse