US T-bills: China no longer buying them

[DJofSD]

http://cnsnews.com/news/article/china-has-divested-97-percent-its-holdin

The fat lady is clearing her throat.

[Saratoga_Mike]

http://cnsnews.com/news/article/china-has-divested-97-percent-its-holdin

The fat lady is clearing her throat.

You may be right on this, but the decrease in t-bill holdings over this timeframe doesn't support the argument, imo. Chinese t-bill holdings are simply back to pre-crisis levels. Their big move into t-bills was a pure flight to safety.

[plainolebill]

If the chinese actually quit buying treasuries gold would be $5000 the next day.

[lamboguy]

If the chinese actually quit buying treasuries gold would be $5000 the next day.
that is right. china produces more gold than anyone, they also buy gold on the open market. they are also buying up assets throughout the world. they are scooping up mining company's, food producers, real estate. they are pretty sharp. that is what they are doing with the dollars that they hold.

in case you have missed it, my new price projection for gold based in us currency is now $1740. i suspect it is quite conservetive a number

[RaceBookJoe]

that is right. china produces more gold than anyone, they also buy gold on the open market. they are also buying up assets throughout the world. they are scooping up mining company's, food producers, real estate. they are pretty sharp. that is what they are doing with the dollars that they hold.

in case you have missed it, my new price projection for gold based in us currency is now $1740. i suspect it is quite conservetive a number

I have to agree with you that $1740 is conservative. Buying gold on dips for the long/intermediate term and trading silver for the short/swing/day seems to be the play at the moment. rbj