China and the Dollar

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This is HUGE, China’s President Hu Jintao just said that the current dollar system was “a product of the past.” Wow! Now he did say that it would be a long time before the yuan is accepted as an international currency, but in our opinion, his statement is right in line with our yuan and gold trend predictions. He also criticized the Federal Reserve’s QE2 plan by saying,

The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the U.S. dollar should be kept at a reasonable and stable level.
Of course, this only confirms what was thinking. just wrapped up an interview with a gold mining stock CEO that will be released sometime around 4pm (eastern) tomorrow. This company just started producing, literally a few weeks ago and is still only trading for 10 cents a share.

Their CEO believes the stock will double in the next month and will start its upward price correction this week. While researching this company we also were excited to see that a multi decade long mining veteran was recently introduced to this company and after visiting their properties he invested a million dollars of his own money in this stock. We will have all the information regarding this company out tomorrow with the interview.

We believe this is everyone’s chance to get in on the gold rush!

Don’t forget that most banks are closed tomorrow along with federal buildings, public schools, and U.S. markets in observance of the Martin Luther King Jr. Day holiday.

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