In a move that Western media sources have failed to cover adequately, the agency responsible for oversight of China's state-owned enterprises (SOEs) recently warned foreign financial institutions that SOEs will be permitted to walk away unilaterally from failed OTC derivative hedge contracts.
China will purchase up to $50 billion in Special Drawing Rights (SDRs) from the International Monetary Fund. Fools will recall that China has explicitly called for replacing the U.S. dollar as the world's reserve currency in favor of these SDRs. Russia and India have likewise indicated an interest purchasing SDR-denominated IMF bonds.
China's ramped-up dealmaking activity for resource-related assets around the globe reflects an official policy directive. Recent loans or investments by Chinese entities relating to foreign resource assets are themselves nearing the $50 billion mark. China has indicated that foreign reserves will be deployed in support of this broader initiative, representing another clear diversification away from U.S. dollar exposure.
The Democratic Party of Japan emerged as the clear victor in last week's election, ending a 15-year reign of the Liberal Democratic Party. Fools will recall that the Democratic Party of Japan's finance chief advised his nation last May to cease purchasing U.S. Treasury bonds unless those bonds are denominated in yen.
China is considering a ban on rare-metal exports. More than 95% of the world's supply of rare-earth minerals comes from China, so the move places global manufacturers of everything from hybrid cars to cell phones in a difficult position. China is also the world's leading producer of gold, and this move raises this Fool's eyebrow as a precedent for China's restricting exports of key strategic resources.
China is actively encouraging its 1.3 billion citizens to invest in precious metals. I have viewed excerpts from state television touting the extraordinary relative value of silver to gold given the large deviation from the historical ratio between prices of the two metals. Because gold and silver are surprisingly small physical markets, even a minor uptick in investment demand could fuel sizeable price increases.
Hong Kong is repatriating its physical gold reserves from London to high-security vaults at home, and it is inviting the region's central banks to store their bullion there. Announced just this week, the move deals a significant blow to London's historical role as a global hub in the precious metals market, and it raises the specter of a potential price-settlement hub in Asia to rival the New York and London daily spot-price fixes. The Hong Kong Monetary Authority is also targeting a new gold bullion ETF using the new vault as a repository, which would remove yet more physical supply from the market. The SPDR Gold Shares (NYSE: GLD) reports holding 1,078 tonnes of gold, slightly more than China's last-reported gold reserves.

http://www.fool.com/investing/general/2 ... akout.aspx

Ces infos étaient sur le forum cette semaine, mais ça fait toujours plaisir de voir un tel résumé de bonnes nouvelles pour le gold et le silver.

In summary, if gold fails to reach new highs and on the contrary, if it breaks below US$920 per ounce, we urge you to liquidate your holdings in precious metals. Moreover, if the US Dollar Index breaks above the 80 level, we advise you to convert your cash reserves to the American currency.



Un article prudent. Attention tout de même à une grosse raclée, car si elle arrive, vu le potentiel de contrats shorts, les gros shorts vont se battre pour faire fléchir le gold, et pas qu'un peu s'ils y arrivent.

http://www.financialsense.com/editorial ... /0903.html

BIG MOVE COMING
by Puru Saxena
Editor, Money Matters
September 3, 2009

It looks as though the multi-month correction in precious metals is coming to an end and very soon, we are going to get a major move. If the bull-market is still intact, then gold should break above US$1,000 per ounce within a few weeks. However, if the price of gold fails to do this, we could see a sharp decline in bullion and precious metals mining stocks. Put simply, if the price of gold fails to climb past US$1,000 per ounce and instead, it falls below US$920 per ounce, it will be a negative omen. At that point, our suggestion would be to immediately sell precious metals and related stocks.

Yes, the macro-economic is wildly bullish for precious metals and we have been bulls since 2001. But this has now become a very crowded trade and in order to sustain the bull-market, gold must trade above US$1,000 per ounce. Today, most precious metals investors are positioned for an explosive rally and if gold fails to climb to new highs very soon, we may get forced liquidation from the frustrated bulls. Under this bearish scenario, the price of gold and other precious metals could plummet and this is the reason why we are suggesting that you exit your ‘long’ positions if gold breaks below US$920 per ounce. Although the weekly chart for gold looks like a gigantic ‘inverse head & shoulders’ bottom formation, it could also turn out to be a massive double top. Remember, gold’s chart pattern looks eerily similar to copper; just before it staged a spectacular decline last year. So, we will have to wait and see how things play out for precious metals.

In our view, the direction of gold’s breakout will depend on the US Dollar Index, which is currently trading above a major support level. Yesterday, the US Dollar Index managed to break out of its declining trend and this is good news for the greenback. Over the following days, if the US Dollar Index closes above the 80 level, it will be a big positive for the American currency and a drag on precious metals. Conversely, if the US Dollar Index breaks below the 77 level, it will usher in the anticipated rally in precious metals. So, in the near-term, we suggest that you keep a close eye on the US Dollar Index as movements over here will determine the fate of gold and silver.

In summary, if gold fails to reach new highs and on the contrary, if it breaks below US$920 per ounce, we urge you to liquidate your holdings in precious metals. Moreover, if the US Dollar Index breaks above the 80 level, we advise you to convert your cash reserves to the American currency.

This strategy may seem flippant to some of our readers but given all the uncertainty in the economy, we do not want to dismiss any possibility. More importantly, we want to ensure that we are prepared for all eventualities. Remember, Wall Street is littered with the graves of those who got married to one market forecast and failed to smell change. Instead, we prefer to be vigilant and will continue to adjust our investment positions based on market action.

DU BLA..BLA.. à 2 SOUS et pourquoi pas le Yuan

Derniere nouvelle sur l'or.
L'or porte malheur si vous en possedez je peut vous en debarrasser contre une somme modique.
contactez moi en MP pour exorcisme transendental...

vite viens chez moi!
"satan m'habite"

L'Enfer satan l'habite (je connais pas l'auteur: on apprend pas ce genre de citation dans les cours de francais)
Mais : "Un homme se promenait nu l'habit a la main" c'est du Prevert.
Ne dites pas de mal des profs de francais.

OOOOOOHHHHHHHHHHHHHHHH !!!!!!!
Lamentables vous êtes tous les deux !
Shame on you !

Dans le meme style j'aime bien "Le lapsus m'habite" (je n'en connais pas l'auteur, si vous le connaissez, merci de me le dire )

wouaaaaa
diego vous utilisez des références lyrics hors pairs!

je ne pensais pas que l'on puisse parlez d'elle sur se forum! chapeau

ceci étant
shame pas les brocolis!