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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LLCF who wrote (53672)	12/3/2007 9:34:16 PM
From: roto	Read Replies (1) of 78433

below is an exert from "The Economist", 29Nov, 'The panic about the dollar' from economist.com sounds like an appeal from Europe, mainly to the Chinese, to be more responsible, in part, since the U.S. is in denial. Handle with care "...The first step is for American policymakers to pay more heed to their currency. For all their talk about a strong dollar, American officials have behaved as if they cared little about its worth. A reserve currency is supposed to be a store of value.... The other part of the solution lies elsewhere, particularly with those countries with dollar-pegging currencies.... But China and the oil-rich Gulf states have ample reason to play their part in an orderly decline of the dollar's dominance. Despite the opprobrium heaped on them, the Chinese do not want to see the Fed's hands tied by a dollar crisis; nor do they want to see the euro zone, one of their best markets, slow sharply; and they have little interest in the external value of their existing dollar reserves plunging. Beyond all that, China's leaders want to be taken seriously as responsible actors in the international system. Now is their chance."* with Airbus bleeding $, the increasing possibility of loss of jobs overseas may be required to survive. the weakened US$ is of major concern to the EADS partners, principally the govs of France & Germany. news.bbc.co.uk

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