US Dollar buyout as mentioned earlier !At a seminar tonight where Larry Berman presented some info : some interesting facts came out.
Early last week I mentioned my concern about a Chinese housing bubble - still on my radar BUT Larry tonight mentioned that the way a Chinese Government stays in power is to provide jobs. CURRENTLY they have 24,000,000 people per year moving into Cities from rural areas = That is a lot of jobs to be concerned about in helping to create BUT THATS LSO A LOT OF COPPER TOO. I know they have a lot of empty cities at present but that is still a lot of copper. - not to mention the upper middle class of other countries and what they are becoming to expect.
As well Michael Campbell : (
www.moneytalks.net ) was speaking and he mentioned he believes that over the next 5 years he would not be surprised to see the Canadian dollar at $1.20 and feels the US $ is in a long term bear market. ( I don't want to quote him but I believe he said .70 cents is not unreasonable at all )
He also mentioned if China supports Europe on debt in a major way and not US that it could crash the US $ overnight and that we would read about it not hear about it possibly happening. So long story longer, bring in Chinese partner get rid of more US $ and buy us out for the fair value of our newly confirmed resources.
Was able to pickup 10,000 more today, figured .06 cents average more then what VETTE paid for his last bunch isn't a bad deal BUT more importantly could not chance missing what is most likely coming down the pipe.
Good Night and GTTA
Riptor