they still have time to play, holding better than a trillion of our fiat paper, which they can dump at their discretion. interesting that now America's wellbeing is couched in what occurs in china. i don't think that fact has escaped the chinkadees. i have 1420+ on the spx near future, 45 days or <. after that.....crystal ball getting fuzzzzzzzyy!
Where are they going to dump it, IMF or WB either way someone will have to cover selling Gold or Silver tonnes coming to a trader near you.
Add the current Woes and forecast continue rate hikes in the EU making matters all the worse they have the PIIGS who have no other choice but to restructure their debt load!
Here our Congress will have to raise the the Debt Limit or risk a repeat of the Recession and Raise they will Expect Near 5 maybe even 6 Trillion Debt Limit soon!
Chinese Exports can't find buyers and with so many jobs at stake and thats only 400 million Chinese just when they received pay raises!
While 3/4 of the nation are living on Agri subsistence.
Australia needs a Stronger China or they will continue weakening FCX and many others have scrambled to Hedge their Metals through next year some even further out!
US Economy on the mend although this joblessness has to find jobs by the end of the year and with a weak USD and low Fed rates and a Higher Debt Limit is very possible the Fed and Treasury get their wish!