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Investors in Gold, Silver Growing Cautious Over Rising Interest Rates in US and China

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  • jmski52jmski52 Posts: 22,939 ✭✭✭✭✭
    I was barely paying attention, but I do believe that CNBC had someone on today who was all aglow over some Chinese new issue.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    There are 2 ways to read the FXI and other asian SM charts. If you look at the long term view they have possibly just started to bust out of a 3 year V formation that could take them much higher. The P&F chart is calling for a 30% rise in the FXI. But first, a retest of the 200 dma might get accomplished. The FXI, HSI, SSEC look more bullish than bearish imo.

    We're trying to apply the same methods of rating the Chinese economy as were used in the US the past few years. But it would be like comparing apples to oranges considering the state of US vs Chinese banks, debt, otc derivatives, monetary reserves, etc.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    was it the jingle bells?image

  • cohodkcohodk Posts: 19,232 ✭✭✭✭✭


    << <i>There are 2 ways to read the FXI and other asian SM charts. If you look at the long term view they have possibly just started to bust out of a 3 year V formation that could take them much higher. The P&F chart is calling for a 30% rise in the FXI. But first, a retest of the 200 dma might get accomplished. The FXI, HSI, SSEC look more bullish than bearish imo.

    We're trying to apply the same methods of rating the Chinese economy as were used in the US the past few years. But it would be like comparing apples to oranges considering the state of US vs Chinese banks, debt, otc derivatives, monetary reserves, etc.

    roadrunner >>




    Dont forget the Chinese banks were all bailed out in 2003. Then the Shanghai went on a tear.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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