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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (66718)	10/1/2010 5:04:13 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 219736

Not in Chinese interest to collapse the dollar.. with a stash as big as theirs... but USD direction is not under their control.. unless they shoot themselves in the foot by dumping en masses.. B

To: Hawkmoon who wrote (66718)	10/1/2010 6:13:13 PM
From: maceng2	5 Recommendations Read Replies (2) \| Respond to of 219736

We have a bad enough trade deficit There isn't a single CEO in charge of any multinational company who is interested in the negative USA balance of payments. Why on earth should it be of a concern that Joe Six Packs must refrain from buying a few ounces of gold from the Chinese? That statement if yours is beyond perverse. Let the rich and influential ruin the country to get profits and blame the J6P's for being unpatriotic for buying some gold to preserve a little wealth. Sounds like the ministry of untruth speaking.

To: Hawkmoon who wrote (66718)	10/2/2010 1:13:54 AM
From: TobagoJack	Read Replies (1) \| Respond to of 219736

my understanding is that china (i) is the largest gold producer in the world, (ii) suffers a shortfall of gold and needs to import, and (iii) the mechanisms are in place and the de-regulations just triggered to dramatically boost gold import starting now. maybe interesting to watch. in the past decade, whenever china turns from exporter to importer of anything, the price show such momentum. bullish. reuters.com China set to take center stage in gold market BERLIN \| Thu Sep 30, 2010 11:19am EDT BERLIN (Reuters) - The easing of restrictions on China's gold imports should boost its influence on global bullion trade as Chinese investors turn to the open market to satisfy their hunger for the metal, the World Gold Council said. Chinese gold demand is expected to show at least single digit percent growth this year at a time when high prices are curbing buying in other major physical markets like India, the WGC's Far East managing director Albert Cheng said on Tuesday. This is likely to mean the shortfall between Chinese supply and demand, which stood at 144 tonnes last year according to figures produced by the WGC, increases even further. "There is already a gap, and this gap will widen," Cheng said on the sidelines of the London Bullion Market Association conference in Berlin. "The Chinese government... used to be afraid of too much gold being imported into the country, because that meant a drain of U.S. dollars. Now, this is nothing." He said moves announced in August by the People's Bank of China to allow more Chinese banks to export and import gold mean the shortfall is increasingly likely to be met by gold bought on the global market, rather than domestically. Chinese demand is the key driving force for a number of key commodities, such as copper, but its status as the world's biggest gold producer as well as its second biggest consumer has meant its impact on the wider gold market has been muted. This could be changing, said the WGC, a gold industry lobby group. "The answer to the question of why gold is not like copper, or iron ore, with (China representing) a big percentage (of total demand)... is that in the past few years the access to gold has still been limited," said Cheng. "Going forward, with these measures, access will be much easier for investors who want it. In the next few years, you will see the real gold demand for China." "I think the trend will follow other, base metals, because there will be no regulatory barrier for people who want to have gold," he said. NO SOFTENING OF Jewelry DEMAND World physical gold demand, particularly for jewelry, has softened in recent years as the global economic slowdown and an investment-driven rise in prices has put off buyers. Spot gold hit a record $1,300 an ounce on Monday. India, which alone accounts for around a quarter of global demand, has been particularly hard-hit. Indian gold imports fell to their lowest level in more than a decade last year.