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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Wade who wrote (1342)2/10/2004 9:21:11 AM
From: big guy  Read Replies (3) of 48092
 
Interesting article on the coming squeeze. I usually won't play rumors but since I'm in silver anyway bring it on.

If the dollar decline continues I think there will come a time when China starts taking a serious look at their ever increasing price of the commodities they must import. Although a strengthened Yuan may make products of other countries more competitive the advantage they will still have in labor cost will be hard to over come. Couple this with the advantages they will gain from a stronger currency (lower raw material import prices and shipping cost) and I can see where a relaxing of the peg is really starting to make sense.
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