Morris Hubbarts technical analysis of gold prices

[Dame]

Agreed

[offdalip]

The US has over 970 military bases around the world. China has none.

When the Chinese decide to dump dollars those bases will become liabilities not assets

looks to me like China is planning to use those dollars they already hold to purchase as much of the world as the world will sell

They can buy all Nigerian, Ethiopian and Brazilian farmland they want, when those people go hungry the
farms will be expropriated..... A la Chavez style. 

[darwinslair]

The US has over 970 military bases around the world. China has none.

When the Chinese decide to dump dollars those bases will become liabilities not assets

looks to me like China is planning to use those dollars they already hold to purchase as much of the world as the world will sell

They can buy all Nigerian, Ethiopian and Brazilian farmland they want, when those people go hungry the
farms will be expropriated..... A la Chavez style. 

Ummm......that would be especially dangerous for them.  My guess is that if the Chinese had any inkling that something like that would happen, their military would be there to make sure it didnt.

Tom

[offdalip]

My guess is that if the Chinese had any inkling that something like that would happen, their military would be there to make sure it didnt.

The first rule about being able to project military power is to have a strong naval contingent able
to secure those routes...... otherwise you are constrained by the distance you can march your soldiers.
China has no navy to speak of. I'm sure they are working on that

[silverseeds]

  The IMF has openly talked about the possibility of replacing the dollar as the reserve currency. China, russia, and many oil producers have given their favor of such a plan. It is only a matter of time.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5044129/China-calls-for-the-reign-of-the-dollar-to-end.html
http://www.themoscowtimes.com/business/article/at-g20-kremlin-to-pitch-new-currency/375364.html
http://news.xinhuanet.com/english/2009-03/25/content_11073029.htm
http://www.reuters.com/article/idUSTRE52I1OM20090319
http://www.reuters.com/article/idUSTRE52H2CY20090318
http://business.timesonline.co.uk/tol/business/economics/article5961065.ece
http://www.breitbart.com/article.php?id=CNG.18e9e5692442aa61d7510553b5ffc14e.8b1&show_article=1
 this one is rather interesting, kissinger policy planner saying we need a "new global monetary authority" that would have the power to monitor all national financial authorities and all large global financial companies.>>>>>>>> 

  Study the IMF in depth. Its dealings in countries around the world, a pattern emerges. you can trace it back much farther, along with connected folks telling us it was happening the entire time including many presidents by the way. whatever the true shape of it, there is a collection of interests that have been manipulating economies for a long time. america was meant to fall to its knees. We have many pre emptive laws set up to help keep us there as well.

despite posturing that the dollar will remain in its role even washington has said they are open to the idea. There were a few videos around about that, with official sources having said it then retracting it soon after.

this UK source mentions it
http://www.telegraph.co.uk/finance/economics/5051075/A-world-currency-moves-nearer-after-Tim-Geithners-slip.html

There are many many other articles on the topic, out of russia, and other countries, oil producers. The IMF itself. It is only a matter of time the dollar will be replaced in that role. what is hinted at throughout if you read many of the articles on such topics is that they are hoping to do this slowly so as to not let it get out of hand. Actually heres soros saying just that...  http://www.youtube.com/watch?v=TOjckJWqb0A

This is the tip of the iceberg on the topic, it seems to have all ready been decided as far as I can tell..... Likely to hear calls for north american currency along the lines of the "amero" weve all heard about for years.....






Study the IMF long enough and even this appears staged to me.

[offdalip]

The IMF has openly talked about the possibility of replacing the dollar as the reserve currency. China, russia, and many oil producers have given their favor of such a plan. It is only a matter of time.

yes it is , but what I am saying is that it won't be a swift undertaking............. unless there is an engineered crisis grave enough to catapult us there.


Back on topic.........

Gold is hitting support levels @ $1335 , between there and next support @ $1265 may be a good buying opportunity. Chinese new year is a busy gold buying time.

Silver just hit $27, between there and next support @$25 looks like a gimme

GLTA!