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There's an economic war going between the US and China, but most Americans are clueless
Posted By: NaturalWisdom Date: Tuesday, 25-Aug-2015 13:43:00
www.rumormill.news/25861
In Response To: Stock Market Opens Higher as China Cuts Interest Rates (CrystalRiver)
Wall Street investors may be breathing a temporary sigh of relief as stock prices in New York have rebounded a bit today. However, if you focus on what took place on the Shanghai stock exchange last night and what's happening in the spot gold market today, a totally different picture emerges.
Recall that Shanghai stocks fell by a whopping 8.45% on Friday and the same index got hammered again (for the 5th straight trading session) by ANOTHER 7.63% last night. The fact that the Chinese have been heavy buyers of physical gold, ask yourself how is it possible that in a period of economic turmoil that a physical commodity that has been used as real money for centuries is being driven lower, while the US Dollar, a fiat currency that can be conjured up out of thin air, soars in price?
SSE Composite Index (000001.SS) -Shanghai
2,964.97 Down 244.94 (7.63%) 3:01AM EDT
https://finance.yahoo.com/q?s=000001.SS
Gold Spot Foreign Exchange and Precious Metals
1136.350 -18.145 (-1.57%)
2015-08-25 13:15:49, 0 min delay
http://quotes.ino.com/charting/?s=FOREX_XAUUSDO
$ INDEX (NYBOT:DX)
94.558 +1.137 (+1.46%)
2015-08-25 13:12:40, 30 min delay
http://quotes.ino.com/charting/?s=NYBOT_DX
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Articles In This Thread
- Stock Market Opens Higher as China Cuts Interest Rates
CrystalRiver -- Tuesday, 25-Aug-2015 09:51:30
- There's an economic war going between the US and China, but most Americans are clueless
NaturalWisdom -- Tuesday, 25-Aug-2015 13:43:00
- Is China Getting the Greek Treatment?
NaturalWisdom -- Tuesday, 25-Aug-2015 14:37:05
- By Golly, Natural Wisdom's Got It
CrystalRiver -- Tuesday, 25-Aug-2015 14:39:11
- Michael Snyder: During Every Market Crash There Are Big Ups, Big Downs And Giant Waves Of Momentum
NaturalWisdom -- Tuesday, 25-Aug-2015 15:01:09
- DOW Ends Down 205 at 15,666 (there are those three six's
CrystalRiver -- Tuesday, 25-Aug-2015 16:03:53
- Jim Sinclair's take on the dollar
Nameless_one -- Tuesday, 25-Aug-2015 19:20:01
- Commodities to have on hand, food and water and silver for the new money *NM*
CrystalRiver -- Tuesday, 25-Aug-2015 20:02:48
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