China's SSE Composite Index (Shanghai) Is Down -58% Peak To Trough Since October 2007
China's SSE Composite Index (Shanghai) is down -58% peak to trough since October 2007, see http://finance.yahoo.com/q/ta?s=000001.SS&t=1y&l=off&z=l&q=c&p=&a=&c=. I think I see a little deflation, which is a major negative for gold.
The US is falling apart? Then what's China doing? Who does China depend on for much of their economic growth?
The US has some very serious problems, and, is in a major economic downcycle (which is obviously deflationary, someone should tell the gold circus clowns) no doubt, but, China also has some very serious even worse problems, such as even poorer lending practices than the US in recent years, and, a definitely larger bubble (extremely rapid growth, that's now a bust, though China's economic data is even more fictional than the US's) than the US. Ignore the noise!
.......http://www.JoeFRocks.com/
NEM XAU HUI
The US is falling apart? Then what's China doing? Who does China depend on for much of their economic growth?
The US has some very serious problems, and, is in a major economic downcycle (which is obviously deflationary, someone should tell the gold circus clowns) no doubt, but, China also has some very serious even worse problems, such as even poorer lending practices than the US in recent years, and, a definitely larger bubble (extremely rapid growth, that's now a bust, though China's economic data is even more fictional than the US's) than the US. Ignore the noise!
.......http://www.JoeFRocks.com/
NEM XAU HUI
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
1:57 PM
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