Replies to post #201 on Federal Reserve Watch (FEDW)

[NYBob]

Lawyer Talk From Russia’s Finance Minister
June 15, 2009 at 2:20 pm

Today is made up of lawyer talk from Russia’s Finance Minister Kudin.
He is calling the dollar "irreplaceable" as a reserve currency
at a time when China, India and Russia have all
simultaneously reported significantly REDUCING their
purchases of US dollar instruments.

I am sure he is talking his position while today further
reducing any new purchases.

Of course there is no way to substitute the US dollar in
the reserves of all world central banks as they are
simply stuck with too many.

There are too few SDRs at the present time.

There are no SDR bonds yet that are to issued so the IMF
can join in Quantitative Easing in a more enthusiastic way.
Governments would prefer a basket of depreciating paper
rather than one single currency, even the euro, to diversify
their reserves, risk, and to slow down their losses.

Today the IMF complimented the Federal Reserve for its
enthusiastic monetary actions.

That means applause for printing money with a confidence
that if required the US Federal Reserve would continue
along that path.

There is even some who are declaring Chairman Bernanke
the greatest Fed Chairman anywhere.

The market hears what it wants to hear but does not take
into consideration the further deterioration of fundamentals,
now in the Treasury International Capital Flows (TIC).

When technical analysis first came on the scene it was a
method of knowing fundamentals that were not evident in
the marketplace.
Then along came the millions who adopted TA as a religion.
This religion further appointed high priests who became
the Holy Seers of algorithms which were further financed
by titanic amounts of money.

Now you need to know the fundamentals perfectly because TA
is a Siren song attracting you by emotional pressure up
on the rocks of a dollar that will not survive the fall
and winter of 2009.

TA now makes the short term explosions up and down, but take
a step back and look at the big picture.
TA does not make the long term trends of all these
practitioners or failed to own gold at $300.

Today is comical based on the senseless movement of algorithms
and the now pushing of a non-concept that the US dollar
is somehow going into a bull market and gold has had it.

The US dollar is going to .7200, .6200, and .5200.
Gold is going to $1224 then to $1650 and onto Alf’s numbers.

This is a perfect setup for a June low in this reaction.
Armstrong feels if this happens $5000 is set in cement.

Ignore the top callers.
Understand trading these markets is reserved for
the professional only.
The pubic cannot trade for insurance.
Understand the pull inside you to trade is that of
the gambleholic’s emotional parade to destruction.
Listen to Kenny Rogers "The Gambler."

--

We'll thank our lucky stars we had ex..
this Goldcorp low cost gold mines -
http://www.goldcorp.com/operations/red_lake_mine/

CQR PowerPoint Presentation (May 2009
http://www.conquestresources.net/Powerpoint/CQR_20090524.pdf

http://www.conquestresources.net/presentations.php

The price of gold can be volatile in the short term,
gold has always maintained its value over the long term.
Through the years, it has served as a hedge against inflation
and the erosion of major currencies, and thus is
an investment well worth considering....

http://www.goldcorp.com/operations/red_lake_mine/

Gold is strategic long term safety -
ex..strategic penny gold play....

http://www.conquestresources.net/

http://investorshub.advfn.com/boards/board.aspx?board_id=11788

God Bless

[NYBob]

China looks to buy more mining companies
China looks to buy more mining companies. March 9, 2009. THE president of China Minmetals, Zhou Zhongshu, says he is encouraging the establishment of a ...
business.smh.com.au/.../china-looks-to-buy-more-mining-companies-20090308-8ser.html - Cached - Similar
Ex.. 2.
China Investment to buy $1.5B stake in mining giant Teck Resources
China Investment buying stake in Teck ResourcesTORONTO — Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to ...
blog.taragana.com/.../china-investment-to-buy-15b-stake-in-mining-giant-teck-resources-98922/ - Cached - Similar
3.
China Buys Stake in Teck Resources | Metals and Mining | Financial ...
Mining company Teck Resources says it is selling a 17% stake to China Investment Corp. for ... China Buys Stake in Teck Resources. 07/03/09 - 05:05 PM EDT ...
www.thestreet.com/newsanalysis/...mining/10534239.html - Cached - Similar
4.
Australia Blocking China from Buying Mining Company
On Friday, Australia blocked one of several acquisitions
China is seeking in the country's natural resources sector.
Although national security was cited as ...
b2bnewz.com/.../329-australia-blocking-china-from-buying-mining-company.html - Cached - Similar
5.
China Steel Company, Wuhan Plans To Buy Iron Ore Mines in ...
14 Mar 2009 ... Buying an Iron Ore Mine in Australia; price of iron ore in australia; Largest iron and steel companies in China; mining companies wanting to ...
paguntaka.org/.../china-steel-company-wuhan-plans-to-buy-iron-ore-mines-in-australia-and-cambodia/ - Cached - Similar
6.
China's Mining Companies to Buy Assets Overseas, Molyneux Says ...
8 Oct 2007 ... Mining companies in China, the largest consumer of copper, iron ore and coal, are likely to buy more metal deposits and oilfields in Africa, ...
www.bloomberg.com/apps/news?pid=20601089&sid...china - Similar
7.
coal mining companies, buy coal mining companies, China (mainland ...
coal mining companies products directory - over 8000000 importers and exporters from China and around the world, coal mining companies, coal mining ...
www.tootoo.com/buy-coal_mining_companies/ - Cached - Similar
8.
InfoMine - Mining Intelligence and Technology
6 Jul 2009 ... InfoMine provides comprehensive information on mining, the mining ... China is taking a major stake in Teck Resources Ltd. in a ... South Korea's state-owned utility company KEPCO has bought a major stake in Toronto's Denison Mines, and intends to buy African uranium mining assets within the year. ...
www.infomine.com/ - Cached - Similar
9.
China News: Australia Blocks China's Purchase of Mining Company ...
China's plan to buy an Australian mining company has stalled, according to the New York Times: The decision to block the purchase of OZ ...
chinadigitaltimes.net/.../australia-blocks-china’s-purchase-of-mining-company/ - Cached - Similar
10.
Chinese State Owned Mining Companies on a Global Buying Spree
Debt-strapped mining companies find themselves in the uncomfortable position of needing to lower debt obligations by selling equity stakes to strange ...
agmetalminer.com/.../chinese-state-owned-mining-companies-on-a-global-buying-spree/ - Cached - Similar

I wonder what those "hard assets" would be?

simultaneously positioning China to make much greater
profit on its investment of its reserves into hard assets
whose prices are now greatly beaten down, while