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

To: roto who wrote (53705)	12/3/2007 9:44:22 PM
From: LLCF	Read Replies (1) \| Respond to of 78432

<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." > Yep, everyone wants the dollar higher... EVERYONE! In other words EVERYONE is long the dollar, AND they're being asked to buy more to protect that investment. As I said in the last post, it's like the bank that doesn't want to write off the bad credit risk because they're going to look like freakin idiots... OTOH hand they all would luv to get rid of a nice chunk of those IOU's. <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. > Yep, 'maybe' they'll buy some more dollars... but really that's just a bullshit, roundabout, AND EXPENSIVE way of protecting their jobs without outright subsidies... they'd save a lot of money by letting the dollar slide and subsidizing their industries. OTOH, "subsidies" have such a bad rap... better to piss money away and pretend... stay in denial. DAK