Red alert........china ready to kill the $ !!!!!!!

[Mega]

http://www.zerohedge.com/article/chi...n-usd-holdings

Je-SUS
Mike

[Adeptus]

Re: Red alert........china ready to kill the $ !!!!!!!

This... "China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings"...sounds like HUGE news. I guess the question is exactly when will this commence, and what will they spend those reserves on and over what period of time?

[WildspitzE]

Re: Red alert........china ready to kill the $ !!!!!!!

This... "China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings"...sounds like HUGE news. I guess the question is exactly when will this commence, and what will they spend those reserves on and over what period of time?

gold is only up about 7 bucks fifty. we'll see what happens as ny opens up.

[Adeptus]

Re: Red alert........china ready to kill the $ !!!!!!!

Maybe it's because everyone will be waiting for the Grand-Poobah Bernank to speak on Wednesday...
http://online.wsj.com/article/BT-CO-...22-703661.html

Meanwhile, Silver goes up another $1. This is too much. Correction must be around the corner. PM options expirations and all.

[lektrode]

Re: Red alert........china ready to kill the $ !!!!!!!

Maybe it's because everyone will be waiting for the Grand-Poobah Bernank to speak on Wednesday...
http://online.wsj.com/article/BT-CO-...22-703661.html

Meanwhile, Silver goes up another $1. This is too much. Correction must be around the corner. PM options expirations and all.

so Mr A - what do you see happening tween now and wed? (and thu, esp)

[Adeptus]

Re: Red alert........china ready to kill the $ !!!!!!!

so Mr A - what do you see happening tween now and wed? (and thu, esp)

Damn it 'Jim', I'm an Alchemist [turning fiat into au/ag], not an Oracle! :-D

[lektrode]

Re: Red alert........china ready to kill the $ !!!!!!!

Damn it 'Jim', I'm an Alchemist [turning fiat into au/ag], not an Oracle! :-D

aye scotty, but are ye a buyer or a seller here or pass/check ?

and whats the status of the rumor mill re the jpmorgue's short squeeze?
this still playing into the sitch or has that story curtained?

[Jay]

Re: Red alert........china ready to kill the $ !!!!!!!

This... "China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings"...sounds like HUGE news. I guess the question is exactly when will this commence, and what will they spend those reserves on and over what period of time?

Why would they be so stupid to announce such a thing? Why not just buy and buy and buy, and all the while deny, deny, deny. Telling everyone else your plan just drives up the price, unless it is for political reasons...which makes much more sense. Hey Uncle Sam, give us Taiwan, OR ELSE!

[Adeptus]

Re: Red alert........china ready to kill the $ !!!!!!!

Why would they be so stupid to announce such a thing? Why not just buy and buy and buy, and all the while deny, deny, deny. Telling everyone else your plan just drives up the price, unless it is for political reasons...which makes much more sense. Hey Uncle Sam, give us Taiwan, OR ELSE!

Or maybe, like we've seen them do several times before in the recent past, they announce what's already taken place AFTER the fact ;-)

On a slight tangent, I wouldn't be too quick to dismiss the US dollar being worthless. At this time, it's still resulting in some pretty damn expensive confetti, for which there is so much demand, it is currently "Out of stock"! I suggest those wishing to celebrate EJ's re-opening of the gold window, to place your orders now!

http://www.moneyfactorystore.gov/5lb...scurrency.aspx

[Mega]

Re: Red alert........china ready to kill the $ !!!!!!!

Where IS EJ?
How come he never talks to us (Well me) anymore?

[jiimbergin]

Re: Red alert........china ready to kill the $ !!!!!!!

Where IS EJ?
How come he never talks to us (Well me) anymore?

He just posted a very long detailed article and also commented in it.

[gvozden]

Re: Red alert........china ready to kill the $ !!!!!!!

He just posted a very long detailed article and also commented in it.

Can you provide the link to the article?

[Kadriana]

Re: Red alert........china ready to kill the $ !!!!!!!

Maybe it's because everyone will be waiting for the Grand-Poobah Bernank to speak on Wednesday...
http://online.wsj.com/article/BT-CO-...22-703661.html

Meanwhile, Silver goes up another $1. This is too much. Correction must be around the corner. PM options expirations and all.

I keep on thinking a correction has to be around the corner but it seems like there are a lot of people waiting for a correction to buy more. My husband and I finally gave waiting for one and got the Christmas gifts on Sunday for the nieces and nephews. I think it's the last year they'll get 1 oz. You read zerohedge and a lot of people there talk about getting more as soon as it corrects. I wonder if this is a case where a watched pot never boils. So many people are waiting and expected a correction that until people give up on the idea of there being one, there won't be one.

[Chomsky]

Re: Red alert........china ready to kill the $ !!!!!!!

Can you provide the link to the article?

Is it really so hard to find?

http://www.itulip.com/forums/showthr...95305#poststop

[FondoFinder]

Re: Red alert........china ready to kill the $ !!!!!!!

Treasury yields do not currently indicate a meltdown in the $US. I would expect the 10 year to breach the 4% mark before panick sets in. I think the $US will reverse, and commodities will get crushed, by the time Bernanke speaks. COMEX open interest for May delivery will plummett by the 29th first day of notice, and the correction in silver will seriously start. Call me on this next week.