China news gives silver a boost

- November 12th, 2008

Silver Investing News reports silver has rallied with China’s stimulus package news as well as a boost from gold price with the dollar under pressure. The purpose of the plan is to boost domestic demand. The government has chosen to remove credit restrictions on commercial banks in order to open up lending to projects in … Continued

Silver Investing News reports silver has rallied with China’s stimulus package news as well as a boost from gold price with the dollar under pressure.

The purpose of the plan is to boost domestic demand. The government has chosen to remove credit restrictions on commercial banks in order to open up lending to projects in rural China, small and medium-sized businesses, technical innovation, and mergers and acquisitions, said Xinhua News.

For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

Leave a Reply