Skol, Chinese economy may be on the decline (7.5%) but that is...

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Durk

105 Posts.

03/12/14

01:49

Post #: 14397176
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Originally posted by Skol ↑

I don't know where you get this stuff from, but I've got a good idea, Zerohedge. Actually USD are pouring into Russia because the Russians know the situation there is not under control, that Vlad's a dictator, he's engaging in dangerous military adventures and that the economy is on the brink, the rouble worth next to nothing and energy prices have crashed. The chinese economy has continued to weaken.

http://online.wsj.com/articles/chinas-economy-shows-more-weakness-1417402728

Chinese and russian economies are on the decline while the US economy is recovering, you're backing the wrong horse. Ford report sales of its Mustang were the strongest since 2006 and US November car sales are shaping up to be a record, probably the highest since 2001.
Gold has tested 1140 several times, the more it tests the more likely it is to go through, the same as it did at 1180.

The real money's being made in US assets and will continue to be, gold's a loser.

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Skol,

Chinese economy may be on the decline (7.5%) but that is what should be expected given a lot of its consumers are not spending, latest US consumer figures are not confidence inspiring, down 13% for Black Friday. US debt has tipped over the $18 trillion mark. Additionally, the Chinese growth rate is almost double that of the US (3.9%).

It is no surprise US car sales are the best they have been in years, given they are giving them away, it's the subprime mortgages again except this time poor people are being suckered into buying cars! This is what the US economy has become built on, a game of musical chairs....the music is about to stop and it's going to be the everyday joe left standing, punished for the financial greed of Wall Street which will have happened twice in succession. You need to start reading between the lines Skol, just a friendly heads up
10 Upvote

0 Great analysis

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