Tag: reserves

 

China starts to wonder if it made the right choice

Published on March 13, 2009

China wants a guarantee that the American currency is solid. If our currency begins to falter, the exporter will feel incredible economic pain. It is prepared to do everything it can to ensure its $2 trillion currency reserves are safe.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): The idea of a four-day rally is fizzling out [...]

Gold Prices Peak, and Junior Mining Profits

Published on July 2, 2008

“The juniors are set up to throw quite a party. Think back to your most memorable high school ‘extra curricular activity’ and let’s get ready for a replay. Toss in financial rewards as a bonus.” — Russell McDougal
Blogger’s note: Gold prices have stabilized in the last couple of months. But just like [...]

Oil Prices Will Reach $225

Published on May 8, 2008

“The math is really simple here. We are burning through supplies at a rate that’s four times to five times faster than we’re discovering new reserves. Throw in a few [surprises]… perhaps a terrorist event… and add in the accelerating use of oil and gasoline in Third World countries, and we have [...]