@horstwalter
Also bei mir passiert da gar nichts wenn ich auf bearbeiten druecke bevor ich irgendwas schreibe.[IMG] geht auch nicht.
Ich komme auich nicht ins fenster dateianhang rein.
Auch eine nachricht mit HTML ist nicht erlaubt. ??
Gruss
Eldrado
Ein winner fuer mich ist heute : 
Spezielle Mitglieder koennen gerne meine contact adresse bekommen.
Mit ADSL und Koephoerer/Micro ein wahres wunder !
Check it out !
XEX
Ich habe bis jetzt noch nicht herausgefunden wie ich bilder oder graphs einkopieren kann. Ich kenne die scheiss kurve auch und sie sieht bedenklich aus wie DRD oder Harmony z.B.
Mal schaun und optimistisch denken solange keine horror news da sind.
Gruss
XEX
@Horstwalter
Ist schon ok, trotzdem ein witz wie man hier Foren Koenig werden kann.
You got the message too !
Cheers
XEX
Ich will mich nicht einmischen aber auch dir ist auch einiges ""wohl unbekannt "",... oder hast die weisheit mit dem loeffel gefressen ??.
Nobody is perfect !
Bildung ist das was uebrig bleibt wenn der letzte Idiot aus dem Forum ist.
Wobei ich dich nicht als Idiot bezeichne,du weisst schon eine menge und zaehle dich zu den profis.
Aber alles weisst du auch nicht ! 
IMHO, nix fuer ungut !
Gruss
Eldorado
The Wallace Street Journal
They are not our enemy
April 21, 2005 - By David Bond, Editor The Silver Valley Mining Journal
Wallace, Idaho - Unbeknownst to the millions of tourists who visit this bewitching French capital at least once in their lifetimes, a giant extended finger of insolent ill will protrudes larger than life from the city's legendary skyline.
No, it is not the Eiffel Tower. We will get to what it is after a few digressions, but suffice to say this gesture of insolent ill will is not aimed at Americans. It wasn't even aimed at the Nasties.
In fact, dining over quail, cheese, poissons and a few agreeable wines with new friends and Paris' best and brightest at La Grande Cascade, we were taken aback at how Un-un-American our Parisian friends were; indeed how un-un-American the whole city is.
Paris is one of the last neighborhood cities left on earth. Paris and London each sport a population of about 12 million but there are important differences; in London, about 3 million actually live in the "City" proper; the rest are in the 'burbs. In Paris the opposite is true: 9 million of its 12 million citizens live in town. So Paris is and remains a city of neighbourhoods. Non-smokers and dog- and cat-haters would be mortified in such a place as Paris; everyone has a dog, although leashes are a scarce sight, and if there are places (other than in front of the Mona Lisa, or inside the Notre Dame de Paris cathedral) where smoking is prohibited, we could not find any. Everybody, it seems, smokes and has a dog. Reminded us a bit of northern Idaho, except even in Wallace, the health Nazis have run smokers out of the restaurants and many of the bars.
(Here was an odd scene: a group of Americans huddled in the rain outside a hotel entrance, smoking, suffering out of habit. Inside the lobby, meanwhile, a festoon of ashtrays and comfortable seating awaited us.)
We were on a mission in Paris, to establish a beach head for the Silver Revolution. It will be a tough sell. Northern Europe is feeling a bit smug these days. The Euro is exceptionally strong. (Our earlier suggestion that a quick way to riches would be to track our travel itinerary and go long the currencies of the country we are visiting has proved up nicely. The Euro, the Pound Sterling and the Swiss Franc have all enjoyed recent highs versus the Federal Reserve Not as we have traipsed from place to place on the Continent and the UK. The counterbalance to our USD's increasing valueless-ness is the rotgut low price of wines and beers we would pay a fortune for stateside.)
The French think we Yanks are a tad crackers for stirring things up in the Middle East. History may prove them right, and it may prove them wrong. The French stopped the Arabs at Poitiers in AD 736 and have been having problems with them ever since; Arabs now account for 12 percent of the population of Paris. But after 400 years of increasingly mechanized bloodshed, the Continent is ready for a little peace and quiet, and doesn't want to think about the gloom and doom of a very real looming currency crisis.
When it does, the man they'll be looking up is Paris businessman Eric Lemaire, who has launched a website, http://www.24hpm.com (24-hour precious metals, get it?) aimed at the European reader. Eric works all of those 24 hours, half in support of his family and his business (he employs about 100 people in Paris) and the other half tweaking and tuning his site. The site is available in three languages. It is more than a labor of love for the 42-year-old Lemaire; it is his passion, his plea to his countrymen not to forget the perfidies of the American and British central banks in the 20th Century, who muscled Europe's gold away from them and set the stage for planetary depressions and two world wars.
It will be, as we said, a hard sell. As often happens with new fiat money such as the Euro, a period of bliss and a false sense of prosperity ensues and people don't want to think hard times can return. Eric laughingly paraphrases Alan Brownspan: 'Yes, I can guarantee you that Social Security entitlement benefits will be paid in full. What I cannot guarantee is the purchasing power of those benefits when they are paid.' And he wonders how many Americans heard or understood the threat implied in Brownspan's words.
Eric's pitch is that silver is money, which in the French language (and about 50 others) is self-evident. L'argent means silver in French. L'argent also means money. The reason for that sameness is beyond the purview of this rant, but it should not be lost on those who care about preserving their personal or corporate wealth. Yet he pulls out of his pocket a 1-ounce triple-nine "10 Sterling" silver round and his countrymen assembled about the table at the Grande Cascade are astonished that such a barbaric thing still exists - or that it could buy a meal or a round of drinks or a couple of rolls of film in Wallace, Idaho.
He reminds his guests that it was not wheelbarrow loads of silver the Germans of 1932 were taking to the grocers for a loaf of bread. It was boatloads of paper, and hideous war ensued. In the very fine spirit of Mexico's Hugo Salinas Price, Eric Lemaire is taking silver's case to the people. And just as Hugo is winning over Mexico, Eric will prevail in Europe.
Never forget that Paris was the birthplace of civilized revolution. While the French Revolution climaxed with the storming of the Bastille on July 14, 1789 and the beheading of Louis XVI in January 1793, it had been fermenting as far back as 1715 under the rein of Louis XIV, at first peacefully, then with increasing violence (or as money guys would say these days, "velocity"). During those years much of France's nobility's gold and silver went overseas, to America, to finance the fomenting American Revolution. It's a truth many of us schooled in the U.S. have forgotten, but it is not a kinship the French have forgotten.
"Do not be mistaken," inveighs Eric as he pulls a famous illegal U-turn on the Champs Elysee, muttering "No cops." (Everything you've heard about driving in Paris is true. There are no rules and fewer laws - not even any stop signs, and no need for meaningless lane demarcations. Smart Cars snub the world. Yet there is order in this chaos, the only rule being: The guy who gets there first wins.)
"Our nation is very friendly to your people, and I wouldn't know one person here who wouldn't fight for the US if she was attacked. Paris still remembers Ben Franklin and Hemingway," he reminds us.
And though he feels alone at times, Eric Lemaire of Paris is not alone. Hecla Mining Company's Phil Baker came up to Zurich yesterday to pitch the Continent's analysts as part of the Denver Gold Forum's annual jaunt to Europe, a high-powered confab of miners and funds. Instead of devoting his allotted time to flogging Hecla stock, Baker pitched the product. What a welcome breath of fresh air. Yes, Hecla's a great and low-cost mining company, they've got great properties all over the Western Hemisphere, and blah-blah-blah. But here's the real story, the end product: silver.
The digital-versus-silver argument in photography just doesn't wash. Third-world nations developing a taste for archiving their families' histories pictorially will turn to silver film, not digital cameras, and because conservatively 60 percent of silver used in photography is returned to the supply chain via recycling, any diminuition of silver's use in film is largely zero-sum. Medicine is huge: silver is the most effective killer of bacteria known to man, and unlike pharmaceuticals, the bugs don't grow immune to it. Silver is the Third World's savior, able to purify water, able to boost efficiencies in electrical transmission, able to heal. And it has no market-rational substitute.
Europe may be hearing this message for the first time this year. And another message: silver will be higher priced and increasingly volatile over the next few years, as above-ground supplies dry up and demand heightens. "Europeans are surprised and amazed to learn about its uses," Hecla's IR veep, Vicki Veltkamp, tells us over dinner at the Baur au Lac. It will take a while to sink in. Italy has been the most receptive so far.
So keep slogging away, Eric my friend. There's no lonelier place than to be ahead of the curve. Fear not. If there's anything left of us after the U.S. concludes Chapter Two of the Great Crusades, The Yankees are coming. The Yankees are coming.
Oh, and about that big green weenie in the heart of Paris. Next time you look at a picture of Notre Dame de Paris cathedral, study the tall center spire. It sticks out green-black, tarnished, unloved in contrast to the immaculately scrubbed rest of the building. Notre Dame was constructed over several centuries, but mainly finished in AD 1345. Not until 1845, five centuries later was that big center spire erected. The French do not consider that center spire to be OEM. A tacky add-on, they think. So they refuse to clean it despite entreaties from the Vatican. Sticks out like a sore thumb, that spire, and the French prefer it that way.
In such minor acts of defiance are born and nurtured revolutions. Vive la France!
These funds of the sale will be allocated towards Harmony's numerous growth projects currently under construction where Harmony believes it is able to generate a higher return on investment.
“It also further demonstrates Harmony's commitment to South Africa and the South African gold mining industry,” Swanepoel said.
Man lebt so lange wie moeglich von der substanz bis der rand schwaecher wird.
Keiner weiss wann, nur ein paar !
Gruss
XEX
Hast recht, lassen wir ihn als Hofnarr weiter leben.
Wie heisst es so schoen, wenn man jemanden nicht akzeptieren kann dann sollte man ihn tolerieren. Aber bitte gleiches recht fuer alle, zensur und kritik der moderatoren sollte demnach gleichwertig sein sonst kommt der verdacht auf das Hofnarren mehr Rechte erhalten und somit gruenes licht fuer zu viel bloedsinn bekommen und das forum in einen kindergarten/zirkus verwandeln. Dafuer habe ich keine zeit und widme mich lieber anderen wichtigen dingen. Wenn das zu viel wird dann mache ich lieber mit PN weiter da ich mittlerweise die profis und clowns hier sehr gut kenne nach 3 monaten.
Gruss
XEX
http://www.321gold.com/editorials/droke/droke042105_ssr.html
Thanks, wenigsten eine(r) der/die es schaetzt
Normal hat Schwabenpfeil die arbeit gemacht aber der hat anscheinend die lust verloren weil ein paar idioten sich aufregt haben wenn er interessante beitraege von LMC reingelegt hat. Leider verliert man somit wertvolle mitglieder und kinder uebernehmen mit zustimmung einzelner moderatoren das goldseiten forum in dem sie idiotische threads aufmachen und jeden pesten mit doofen fragen ohne sich jemals die muehe gemacht haben die postings der einzelnen mitglieder zu lesen.
Mir ist aufgefallen das die leserzahl enorm angestiegen ist in den letzten drei wochen. Aber das kann sich wieder aendern wenn alte mitglieder das forum verlassen und kinder ihre wertlosen kommentare schreiben.
Wenn ihr alle beitraege von Peter mal anschaut seht ihr was ich damit meine. Aber dafuer hat Horstwalter keine zeit und es sieht so aus das es ihn nicht interessiert ob mehr lesen oder gehen.
Ich habe fuer so etwas kein verstaendniss !
Gruss
XEX
Bush sees signs of shift on yuan peg New Feature
Reuters
Thursday, April 21, 2005
WASHINGTON
President George W. Bush has said that China is considering taking an interim step toward easing its currency system and that Washington wants action as soon as possible.
.
An interim move could help ease rising Chinese-U.S. tensions, but Bush said the United States would still keep pressure on Beijing to "eventually" let markets set the value of the yuan.
.
Some U.S. lawmakers are threatening to penalize Beijing with tariffs, but administration officials say they cannot support such legislation at this point.
.
"There have been some indications that they're thinking about" an "interim step toward floating the currency," Bush said in an interview with CNBC shown on Tuesday. "We're constantly urging them, if they're going to take that step, to take it as soon as possible," Bush said.
.
The U.S. administration has been offering an increasingly blunt critique of relations with China in recent days, singling out the currency dispute and threats against Taiwan.
.
Bush sought to play down concerns that China was trying to crowd the United States out of energy markets. He said he did not think there was a "kind of economic war plan" but that China was trying to "satisfy a huge appetite" for a rapidly growing economy.
.
U.S. manufacturers blame China's longtime policy of tying its currency to the dollar for the bulk of the U.S. trade deficit with China, which hit a record $162 billion last year. They argue that the currency peg makes U.S. imports more expensive and Chinese exports cheaper, giving Chinese companies an unfair price advantage of 25 to 40 percent.
.
"Obviously we're at a competitive disadvantage to the extent that their currency won't float," Bush said in the interview, which was taped on Monday. But he added that it is "certainly not going to be a panacea to get them to float the currency."
.
Bush said he did not know when Beijing would act. "It's hard for me to predict," he said. "It's a nontransparent society."
He said the administration would "continue to press" Beijing on the issue.
.
Treasury Secretary John Snow, in testimony before the House Financial Services Committee, reinforced the message that "now" X(was the time for China to loosen its exchange rate.
.
But he rejected suggestions from Senator Charles Schumer, a New York Democrat, that administration officials had privately signaled their support for Senate legislation aimed at forcing China to revalue its currency.
.
"I don't support, as you know, the type of legislation that has been talked about that would impose a tariff on everything coming out of China," Snow said.
.
Schumer and Senator Lindsey Graham, a South Carolina Republican, have crafted legislation threatening China with a 27.5 percent across-the-board tariff unless it stops pegging the yuan at 8.28 to the dollar.
.
The Senate voted 67 to 33 in favor of that measure this month. The victory - which Schumer and Graham said had caught them by surprise - prompted Senate leaders to promise a second vote on the bill before July 27 if the two agreed to drop the measure until then.
.
Although administration officials have disavowed the bill, Schumer told reporters he had received a different message in private. "I have gotten signals from the administration, quiet signals, that they're happy we're doing this," Schumer said.
Patience and er -- faith
Richard Russell snippet
Dow Theory Letters
April 21, 2005
Extracted from the April 20, 2005 edition of Richard's Remarks
Gold -- It's not generally known or appreciated, but the 200-day moving average of gold turned up in December 2001 at a price of 304 -- and it has been climbing ever since. As of today the 200-day MA for (June) gold stands at a new post-2001 high of 427.
Conclusion -- the bull trend of gold is very clearly still intact.
Prediction -- The gold bull market will end up as ALL bull markets do -- in an upside explosion that you won't believe! 
One more tidbit -- How much does the public love gold? Central Gold Trust of Canada is now selling at a 4.5% DISCOUNT from its actual gold holdings. That will change, count on it. But right now for those of us who are still buying gold (me), it's good!
Gold looking good, but gold shares still being dragged down by a rotten stock market. That will change, and in due time the gold shares will go with gold.
The current action makes the gold shares look like bargains. But I personally continue to buy the metal.
But I still hold a load of the gold shares.
Ich kann nicht verstehen das moderatoren nicht einlenken wenn typen wie Peter Silly ihren senf staendig in jeden thread ablegen und doofe fragen staendig stellen. Man bekommt dann das Gefuehl es ist ein Kindergarten Forum. Mit solchen trotteligen beitraegen bzw.posting kann man sogar aufsteigen zum Foren Koenig
Mir ist nun viele klar geworden und ziehe meine Schluess daraus.
Gruss
Eldorado
Horstwalter soll mal weiter den Moralapostel spielen wenn er will und seinen betrieb weiter fuehren mit Peter als CEO.
Dann kommt bestimmt Freude auf !
Ciao, thanks to everybody who has brains and made value postings.
I better look at some comics books before I read more from Peter Silly and Horstwalter who appears to be on his side.
Many complaint, he did nothing, what a policeman is he?.. I ask myself
Es ist schon komisch !........ wie beitraege eigentlich bewertet werden.
Jetzt verstehe ich das viele nicht mehr schreiben wollen bei der Ueberwachung mancher Moderatoren.
Na ja, und nun zurueck zu (oma/gold/peter) postings, die gefallen Horstwalter anscheinend am besten.
Am besten unbenennen auf Omaseiten Forum !
XEX 
Ich bin noch nie irgenwo rausgschmissen worden im Leben, ich gehe vorher und verliere damit nicht mein gesicht.Ich bin nicht der einzige der sich ueber dich aufregt, aber die meisten sind zu complacent und sagen nichts dazu. Ich habe es gesagt und sagte es my way, die einzige sprache die clowns wie du verstehen.
@all
I hand over to Peter Silly, he will deliver all you need to know.
Your new Mega Moderator and Analyst will add value to Goldseiten Forum as expert on all fronts. My job is done, you got the message.
Gruss
Eldorado
ZitatAlles anzeigenOriginal von HORSTWALTER
Ironie?
Wir machen hier kein Ausdruckslimbo, dies gilt auch für dich Eldorado!
Gruß
HORSTWALTER
@Horstwalter
Yes,yes I got it !!, strangely if I lose my temper only once,you play immediatly the policeman,otherwise you are sleeping if others go on and on with provoking irritating postings/spam which lead to reactions like that. Have you ever read the nonsense of him ? , I guess not !
What is the minimum age to be a member here ?
12 years ?
Let them take over the forum and we all can read more kiddie gold news.
In that case I'm out Horstwalter because I'm 48 years and have better things to do than answer to children on GS.
Bye the way, he was asking for it, so lets be fair and give him also a warning, or are you his daddy ??
Gruss
Eldorado
April 20 – Gold $434.60 up $2.40 – Silver $7.42 up 20 cents
Planet GATA 1, Planet Wall Street 0
The real man smiles in trouble, gathers strength from distress, and grows brave by reflection...Thomas Paine
GO GATA!!!
Real estate prices on Planet GATA are about to go through the roof as the compelling case to be long gold soars, while those still long the US stock market on Planet Wall Street are staring at many rough years ahead. First to recap recent MIDAS commentary:
*The turnaround time of major price-capping at $429 to covering their shorts at the $422 level was the shortest on MIDAS record. It went from months to two days. This strongly suggested to me the correction was ending as The Gold Cartel did not want to be too short at those levels anymore, preferring to pull in shorts to lay them out at higher levels.
What many market pundits may not appreciate is the cabal white collar Mafia crooks have made a fortune trading in concerted, un-American fashion for a decade even by being net short all the way up from the bottom at $252. The reason is they made a killing with their casino-like rigged trading by buying dips and selling rallies while gold went nowhere for years. Then, on the way up, they have picked the pockets of the long specs for $10 to $40 a pop trading from the short sides. So while gold has rallied $180 per ounce, they probably have booked trading profits of $300 per ounce for a net gain of $120 per ounce during the run higher by flushing out the specs over and over again. Meanwhile, they have done all they can to help the Orwellians in Washington keep their strong dollar policy in play as much as possible.
It was a wild day and a nightmare one for those assigned to keep the derivatives neutron bomb from going off. It is important to keep in mind their worst nightmare is higher interest rates and volatility in the US financial markets as rates RISE.
Gold was higher even though the dollar was on the firm side when the US CPI number was announced to audible gasps:
08:29 March CPI reported 0.6% vs. consensus 0.5%; ex-Food & Energy 0.4% vs. consensus 0.2%
Prior CPI report unrevised to 0.4%; ex-Food & Energy unrevised 0.3%.
* * * * *
Who knows what the real core CPI number really was? However, to announce one double the anticipated number was a real jolt to those silly pundits yesterday that said the 8.4% annualized PPI number was nothing to be concerned about; that inflation was a non-factor as far as the markets should be concerned. RIGHT!
Incredibly, some, like Jim Glassman of JP Morgan Chase, were out there again today with the same pitiful spin, reaching for the goofiest of inflation rationalizations in this Dow Jones story:
"I don't think this makes the case for accelerated Fed tightening, especially when there are concerns about the economy slowing," said James Glassman, an economist with J.P. Morgan in New York.….
Glassman, the J.P. Morgan economist, said the early celebration of Easter this year - in the last week of March instead of early April - may have driven up prices in some categories and affected the overall index. "There's a possibility the early Easter is exaggerating gains in lodging away from home and apparel," he said…
-END-
Progress Report on Operations and Revenue at the Ying Silver Project, Henan Province, China
VANCOUVER, BRITISH COLUMBIA, April 20, 2005 - SKN Resources Ltd. ("SKN") is pleased to provide a progress report for the first quarter of 2005 on the operations of the Chinese joint venture company, Henan Found Mining Co. Ltd. (“Found”), in which SKN is earning a 77.5% interest. Myles Gao, P.Geo, President of SKN, is the General Manager of Found, which holds 100% of the Ying Silver Project.
During the first quarter of 2005, which included a three week closure for Chinese New Year in February, Found completed 1,750 metres (“m”) of drifting, declines, and raises and 800 m of underground drilling for a total of 3,950 m of tunneling and 1,500 of underground drilling since late August 2004. These works focused on drifting along the strike extensions of veins S2, S6, S14, S16W and S16E, and on vertical raises to test continuity of massive galena sheets along the dipping direction. Preparations for sinking three vertical shafts were also completed. The shafts are now underway, as is expansion of the camp to house the large number of contract workers on site.
Total cash expended for all of Found’s operations at Ying during the Quarter was about RMB5.35 million Yuan - CDN$835,000 at an exchange rate of RMB6.4 Yuan to the dollar.
During the Quarter Found produced about 457 tonnes of direct-to-smelter silver-lead ores (containing about 55% lead) and 12 tonnes of direct-to-smelter zinc ores, which were recovered manually from by-product ores of the exploration and development tunnels. A further 327 tonnes of silver-lead concentrates and 45 tonnes of zinc concentrates were produced from diluted, lower grade by-product ores which were custom milled off-site. The saleable materials were recovered from exploration tunneling only. No extraneous mining was carried out on ore faces exposed by the tunneling.
Sales of these direct-to-smelter ores and milled concentrates have generated about RMB6.4 million or CDN $1 million cash for Found during the Quarter. The average realized value is about $1,000 per tonne for direct-to-smelter ores and $1,400 per tonne for milled concentrates.
Continued success in exploration tunneling has the significant result of generating cash-flow from the exploration and development tunnels which is greater than the expenditures in completing not only the tunneling, but all other development work during the Quarter. Therefore, the exploration and development program has been more than self financing during the Quarter. Based on the vein continuity shown by exploration results to date, Found expects the self financing to continue while it carries through the rest of the US$5 million exploration and development program for 2005 (see February 23, 2005 Release).
All above figures are un-audited and were prepared based on Found’s 1 st Quarter financial discussion of 2005. Found has established good internal controls as representatives from both parties of the joint venture are jointly working on financial, inventory, and sales auditing and checking process under the direction of the General Manager, Myles Gao, who is also SKN’ Qualified Person on the project.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
SKN RESOURCES LTD.
For further information: SKN RESOURCES LTD., Rui Feng, Chairman & CEO
Phone: (604) 669-9397, Fax: (604) 669-9387,
Email: info@sknresources.com, Website: http://www.sknresources.com.
Sehr preiswert ist auch General Motors, Rover,Walmart, Tyco,etc. :))
In Italien gibt es eine Milchfirma Parmalat,die riecht auch nach kaese.
T Bonds, wie die Telekom damals ?
In den Dow und Dollar am besten,..... Pezi !
XEX
Genauso koennten sie jetzt schon ihre dollars in Euro CHF oder in ihre Waehrung tauschen, natuerlich vor der verlangten appreciation zum USD.
But !!!!
Will China allow its currency to appreciate?
April 18, 2005
Central to the thesis that the gold price will continue to rise on the back of a falling US dollar, is the premise that China will forego its policy of supporting the dollar in favor of letting its own currency, the renminbi, appreciate. Both China and Japan are accumulating massive amounts of dollars as a result of their trade surpluses with the United States. But instead of selling those trade dollars into the foreign exchange markets, they, and other countries, are hoarding the dollars and investing them in US Treasury securities. As a result the US dollar is currently trading at a much higher exchange rate than it should versus the renminbi, the yen, other Southeast Asian currencies and, in fact, most currencies.
Many people have argued that China will not allow the renminbi to appreciate against the dollar because it needs US consumption to drive its fledgling economy. But pressure is mounting from Europe, the United States, the World Bank and the IMF for China to let its currency appreciate.
The contention is that Chinese exports have an unfair advantage in the world because the renminbi is undervalued in foreign exchange markets. The undervaluation is a direct result of China’s dollar-hoarding policy, since it keeps the trade dollars that China receives every day off the market.
Support is growing in the US Senate for taking tariff action against China. The US trade deficit with China totaled $29.12 billion for only January and February of this year. That is a fifty percent increase from last year. The US trade deficit with China is now the largest of any country and almost double the size of the trade deficit with Japan, which is second.
The appointment of a new US trade representative is being blocked until Senate leaders vote on anti-subsidy laws against non-market economies such as China. In addition, a wide coalition of senators is backing legislation to impose a 27.5% tariff on all Chinese products entering the US if Beijing does not agree to raise the value of its currency.
If China does not allow its currency to appreciate against the dollar, and if the US goes ahead and implements the tariffs, all Chinese goods will become 27.5% more expensive for US consumers. On the other hand, if China allows its currency to appreciate, let’s say by the same amount, 27.5%, then its goods would be no more expensive to US consumers than if tariffs were imposed. However, the cost of all China’s imports would fall by 21.6% if it allowed its currency to appreciate by 27.5%. So what do you think China is more likely to do? Give the US government a revenue stream equal to 27.5% of the value of all Chinese imports to the US, or reduce the cost of its own imports by 21.6%?
The Chinese have always struck me as intelligent and practical.
I suspect that China is going to let its currency appreciate. This not only means that the US dollar is going to fall, it also implies that US interest rates are going to rise because if the Chinese (and Japanese) no longer have to keep their trade dollars off the market to prevent the US dollar from falling they will also not need to buy as many US Treasuries as they have in the past.
It’s all starting to come together. The next big upward move in the gold price will occur when China and Japan allow their currencies to appreciate and the dollar to fall. I have no idea whether it will be this year, or next, but I do believe the current decline in gold and gold related equities represents an opportunity.
Paul van Eeden
Das koennen wir der alten frau nicht antun, ich habe peter eine pn geschickt und ihm etwas sehr konservatives empfohlen wo er und die oma gut drauf schlafen koennen.
Bin ja ein hilfsbereiter mensch, auf mehr als 5 Aktien sollte er so und so nicht aufpassen sonst dreht er ganz durch.
Ciao, das war ein Sideway day and the Dow ist on the 10,000 edge again.
So Peter und mach das was ich dir rate und lasse die finger von den juniors, die sind ganz narrische Pferde. 
XEX
