Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Dollar shines more than gold

E-mail Print PDF

cash September 23, 2011 (Chinavestor) Zijin Mining Group Co. Ltd. (HKG:2899), the largest Chinese gold miner, was among the worst components of the Shanghai Composite Index (SHA:000001) as well as the Hang Seng Index (INDEXHANGSENG:.HSI) on Friday. Hong Kong listed H-shares of the company fell 7.78% on Friday capping a week of steep losses. The stock is trading at HK$2.49 at new 52 week lows thanks to a 25% plunge this week alone! The stock is off 33.6% for the month as well.

Zijin_2011923


So much of the gold bulls... Arguments that gold will climb to $2,000/ounce have no bite. 

So where do investors put money instead? There is another important chart to consider: the exchange rate of the Euro vs. the Greenback.

Exchange rate of the Euro/US Dollar, August 23 - September 22, 2011

EUR_USD_2011sept

The dollar has firmed up over 6.25% in the last month alone!

A stonger dollar means lower commodity prices, something that we see on the price of aluminum, oil etc. The good news is that cheaper commodities bode well for the U.S. and the global economy as well, something that is one good piece of information during these turbulent times.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!