I think this is an important devolopment for preciousmetals as...

I think this is an important devolopment for precious
metals as these two countries agree not to trade in
US$ anymore.
http://community.nasdaq.com/News/2010-11/china-russia-open-up-nondollar-trading.aspx?storyid=46466

You have to laugh at the comment "This is not really a game changer in terms of the dollar?s role in either country?s foreign currency reserves. But it does seem to be part of a concerted effort by global players to diversify their trade settlements away from dollars.

Not really a game changer, just part of a concerted effort to diversify away from the dollar!!! Haaaa!

IMHO you should run not walk to the nearest exit.

Al.