Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (91329)	12/8/2008 11:06:28 PM
From: John McCarthy	Read Replies (1) of 116555

Hi Koan I was thinking it would be a direct sale i.e IMF to Central Banks ... with some pre-arranged non-market price ..... iow - its just moving the gold from 1 warehouse (IMF) to another warehouse (CB's - who gave it to them in the 1st place) with the net effect that nothing really changes except the price ..... With respect to China - on Bloomberg they were talking to a Copper guy who said in effect - the people THEY read (would not identify) think the best China can do this year is 0% - 4% ..... their government is about to throw 1/4 of their foreign reserves at internal spending - so sumptin' is afooot ... note:I still got all my gold stocks so its not like I am rootin -g- for this -g- regards John

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