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Gold/Mining/Energy : KITCO - Gold discussion

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Dec 10 4:00 PM EST

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From: Robert Dirks	1/12/2010 1:34:38 PM
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CHINA Nukes World Economy .......... Dollar has hit bottom, China says REUTERS Sovereign wealth fund strategist also argues gold is too expensive and says China may raise interest rates before U.S. does An investment strategist at China's $300-billion (U.S.) wealth fund said the world's third-largest economy now had a say in the exchange rate of the U.S. dollar, which it expects to rise while the yen should fall further. The comments by Peng Junming, who works in the asset allocation and strategic research department at China Investment Corp, triggered a rally in the U.S. dollar. “I think the dollar is at its bottom now. There will be very limited space for the dollar to drop further,” he told an academic forum. “The yen is what, I think, has the worst outlook. The yen will continue to drop, unlike the dollar, which will not serve for long as a source of funding carry trades.” theglobeandmail.com

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