IMO it is a false painic, and a cash call to leveraged players in currency markets. Time willJohn wrote:That's an interesting story, undoubtedly dictated by the Beijingaedens wrote: > Who is naked in the moon light John:
> http://www.marketwatch.com/story/hong-k ... link=kiosk
> Even if we told them they would ignore us John on the Capital
> Investment Issues. Slowly they are walking out the door as we
> conveyed. Discipline over conviction is at hand and they do not
> get it. Treasury as proxy in relationship to monetized debt ratios
> and tearup's we warned about. Settlements are due in October in
> EU.
government, as they prepare for war with the West.
John
tell more than we can right now. http://generationaldynamics.com/forum/v ... 1920#p4096
Washington ignored reality -"Paul Volcker, Stanford, Feb 11, 2005
A few selected excerpts:
"Altogether, the circumstances seem as dangerous and intractable as I can remember."
"Boomers are spending like there is no tomorrow."
"Homeownership has become a vehicle for borrowing and leveraging as much as a source of financial security."
"I come now to the heart of the problem, as a Nation we are consuming and investing, that is spending, about 6% more than we are producing. What holds it all together? - High consumption - high leverage - government deficits - What holds it all together is a really massive and growing flow of capital from abroad. A flow of capital that today runs to more than $2 Billion per day."
"What I'm really talking about boils down to the oldest lesson of financial policy in Central Banking: A strong sense of monetary and fiscal discipline."
-and needed another year or two to stabilize Housing segments. With the resets coming and policy to spending it is a warning to
pivot to stability first spend later I feel. Some links not forwarded to SDR being realized if the West is prepared to move in that direction. I think it was the Peterson Institute who commented on the direction it was moving "SDR" and there observation of it in that context of time conveyed.
Growing pains really I suggest.
"Having a central government-sponsored vault would create a situation where you could conceivably look at Hong Kong as being a hub, where metal could be traded for the region,"
=================== Update links below
The idea of a substitution account is simple. Instead of converting dollars into other currencies through the market, depressing the former and strengthening the latter, official holders could deposit their unwanted holdings in a special account at the IMF. They would be credited with a like amount of SDR (or SDR-denominated certificates), which they could use to finance future balance-of-payment deficits and other legitimate needs, redeem at the account itself or transfer to other participants. Hence the asset would be fully liquid.
http://www.piie.com/publications/opeds/ ... archID=854
Mr. North has validity to the contextual question of price correlations
http://www.garynorth.com/public/3416.cfm <---------- Facts
Increases in the supply of copper, lead, and zinc do lead to increased supplies of silver.
So keep things in order and i did see other metal markets moving but slowly it is.
Value considerations: http://fofoa.blogspot.com/2009/03/all-p ... on-on.html
Posturing: http://zerohedge.blogspot.com/2009/05/e ... short.html
This process started to unravel last July. Much more than explanations provided by economic and rate expectations, the move has been too sudden and too large, and the most likely "real world" explanation is that the dollar has been caught (does this ring a bell) in a massive short squeeze as the liquidity pyramid has started to shrink.
This may shake some out since is your name on that Bar of said product? That will soon be found out is my thought on ownership issues. Wake up time indeed is coming and may not be as nice as this week since the World will move on anyway. The Kids in Washington need to make Adult decisions but they will we may assume live beyond the means. Mr. Obama will answer that question on his next national address to the Senate. I think we already know there bent of mind. Reminded as I have been also seek value added information also.
http://www.silverinstitute.org/mints.php
http://financialsense.com/fsu/editorial ... /0903.html
http://news.goldseek.com/GoldSeek/1251815214.php PoP