Friday, June 18, 2010

The Bell Tolls For The U.S. Dollar

Check this out - no commentary needed - you all can interpret these golden nuggets as you see fit.  I know what I think is happening....The first two are from Bloomberg:

Medvedev Talks Up Ruble as World Reserve Currency of the Future:  Move Aside Uncle Buck
Russia to Buy Canadian, Aussie Dollars for First Time:  Not So Loonie

Here's someone else who has figured out that China is buying a lot more gold than disclosed.  What this commentary did not mention is that it is suspected that China is buying a lot through its sovereign wealth funds, which do not report reserve positions to the BIS:  The Anti-Dollar Trade

0 comments:

 

©  Powered by Simple Healthy