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| Gold is shifting from West to East – along with the balance of power |
| 2009-01-23 |
| See charts at link. |
| Posted by:tipper |
| #6 PAKISTANI DEFENSE FORUM > RUSSIA IS FACING A MASSIVE ECONOMIC CRASH. * WORLD MILITARY FORUM > TO SEIZE US CONTROL OVER CENTRAL ASIA, OBAMA CAME TO POWER AND MADE A DEAL WITH CHINA!? * the EU = EUROZONE + near-term challenge to the US Dollar by the EURO, long-term challenge by the Chin YUAN currencies. * US Seek to DIVIDE RUSSIA, CHINA, INDIA, + possibly even the SCO. * CLOSE OR DENY CHINA'S WEST ROUTE(S). * TO EXPLOIT, MANIPULATE, SPREAD AND LIMIT, SEEMINGLY ISLAMIST-SPECIFIC "TROUBLES" TO THE SINO-RUSSIAN BORDERS + ASIAN REGIONS [Use Radical Islamis threats to achieve US-centric Asian agendums]. * SPREAD BUSH-STYLE, "COLOR REVOLUTIONS" [Pro-Democracy with local characteristics]. Also on WMF > THE BRITSH DESCRIBE THE KOREAN WAR: MAO ZEDONG MADE DISASTROUS STRATEGIC MISTAKES BEFORE AND DURING THE KOREAN STRUGGLE RESULTING IN CHINA'S PEOPLE'S VOLUNTEER FORCES SUFFERING 14.0MILYUHN CASUALTIES/LOSSES??? |
| Posted by: JosephMendiola 2009-01-23 21:57 |
| #5 could the answer be that Asians are buying gold and Westerners are selling just because Asians like, value and appreciate gold more than we do? They've a longer experience of government. |
| Posted by: g(r)omgoru 2009-01-23 20:20 |
| #4 Just another marker. Still.... I expect ZF is right about the generalized anxiety about the local currency. |
| Posted by: .5MT 2009-01-23 20:14 |
| #3 could the answer be that Asians are buying gold and Westerners are selling just because Asians like, value and appreciate gold more than we do? The answer could be that Asians are less confident about the soundness of their currencies than Westerners. |
| Posted by: Zhang Fei 2009-01-23 19:05 |
| #2 Just as in the early 1930s when gold went from the US to Europe along with the balance of power. |
| Posted by: Nimble Spemble 2009-01-23 18:23 |
| #1 The London gold fix sets the price in a physical market. Economics101 - you get the best price when a market is open and toward the end of the day as sellers try to clear stock. This is why the price of gold declines from AM to PM. |
| Posted by: phil_b 2009-01-23 17:04 |