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Channel Resources Ltd V.CHU



TSXV:CHU - Post by User

Post by mrcashflowon Nov 04, 2010 12:42am
398 Views
Post# 17655195

The Fed and the dollar

The Fed and the dollar I also bought CHU because of Burkina Faso, but the Lithium property  in Alberta was just a bonus. Who know's, if the Lithium results are poor the stock may tank, but I doubt it.  It will just turn into a buying opportunity for those in this play for the gold.

   As far as the FED goes, there is no doubt in my mind the fiscal situation in the U.S is getting much worse than anticipated  and the "long term"  trend is to continue to print money that does not exist  to prop up the treasury market and failing Banks. I don't see this problem going away, commodities should continue to fare well against a sliding U.S dollar . Look for the market to "clue in" and realize quanative easing will not work and continue to dump the U.S dollar for gold and commodities.I expect a positive bounce for gold during Thursdays session.

 May future endeavors bring riches beyond your wildest dreams

 MrCashflow
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