Watch the Chinese Yaun currency chart on Kitco.... The Yaun has come down from about 8.3 Yaun to the dollar over the past few years.

It stalled when the rush to the us dollar pushed the green back up against almost all coomodity producers and India.

This provides the US and Cjina with cheaper oil and commodities. the dollar has remained peged @ 6.83 roughly over the past 5 months.

When the US dollar starts to tumble I expect China to reverse the longer term trend moving back into the 7 then 8 to 10 Yaun to the dollar as the US economy goes into the toilet.

One more point!

Whats the chances of the TSE exchange being disabled on the same day as Opec and Russia anounce the largest production drop in history. Canadian Dual listed oil companies drop in the US while oil also drops on reduced production. This is totally against supply demand reality.... This was a planed atack on oil prices and the TSE listed stocks would have shown that the price should have risen.... Looks like the US is taking off the gloves and even its friends will be victems.. We are the single largest supplier of OIL to the US Just as large as Venesuala and Saudi Arabia combined..

Check out oil delived by country of origin.... Further this sight clearly shows how close we are to peak oil... Which is what this is really all about!

http://tonto.eia.doe.gov/dnav/pet/pe...

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