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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (33269)	2/19/2007 5:32:39 AM
From: Chuckles_Bee	Read Replies (1) \| Respond to of 78410

Another article on China foreign exchange reserves strategy: "It will spend funds from the foreign reserves on mergers and acquisitions of overseas businesses, including foreign financial institutions. It will also target overseas energy assets and will likely acquire equities in the domestic markets, or even lend money to help finance domestic research and development projects." "It is a policy that is not only meeting with success, but causing many of these nations to strut loudly against the U.S.A." "Because the way this is being handled takes excess liquidity out of the Chinese monetary system and keeps the reserves offshore. This way the upward pressure on the Yuan can be eased as well." Geesh...they'll switch from the $ to massive assets, make anti-USA friends all over the planet, and still keep the Yuan down. Houston, we have a problem.... financialsense.com