thanks jon nadler ..., page-8

Jon Nadler thought it would be a good idea if investors interested in gold were alerted to the following:

"... guess whose appetite for US debt continues largely unabated, despite a plethora of hard-money newsletter declarations to the contrary? Yes, gold old Chinas. In a recently released but little followed - set of US statistics, the kernels of truth can easily be found: namely, that Chinese investment in US Treasury bonds may well have fallen by $34 billion or so in December (reaching $755 billion) but that its total holdings of US debt did not fall at the end of last year. In fact, analysts at Standard Chartered Bank according to a Marketwatch piece on the matter - feel that China has actually been purchasing bonds indirectly through London middlemen."

My comment: Good to see Nadler giving us the "the kernels of truth." Maybe he'd like to do the same and hunt for the Federal Reserve's middlemen purchasing all that US paper from places like Bermuda or wherever??? By the way, if Chinese total holdings of US debt remains the same over a 12 months period doesn't that mean that China is no longer increasing its purchase of US paper but instead putting its money elsewhere?

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Jon Nadler thought it would be a good idea to close with the following:

"PS In memoriam of the Internet bubble that burst one decade ago, a ten-second moment of no clicking on thy computer mice would be nice. Webvan.com, requiescat in pace. Then again, no worries. There are plenty of other bubbles to create and chaseThe dot-com one and all the hype and greed it engendered was just one pearl on an endless string"

Comment: Now why would Nadler write that in a gold related article?

Nadler's quotes are from http://www.kitco.com/ind/nadler/mar082010.html