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Well, I would say that it's an interesting theory. But
not what the officials are doing with their country's
reserves. It's just not so. I had a very nice dinner
with the Minister of Finance in July--I have had the
pleasure of working with him on a consulting basis for
more than 20 years as he has risen in the ranks.
Thier mix is certainly not conttrolled anywhere near
that closely and if you are implying they have 25
percent of their currency reserves or exposure in the
Canadian dollar, I'm sorry. You're incorrect by quite
a bit.
I'm not trying to be argumentative, Ben, but there are
too many ill-founded rumorsm out there and this mix
idea is just wrong. They are using a much blunter mix
than this. You are making them out to be JP Morgan--it
just ain't so.
Tim
--- Ben <profitok@xxxxxxxxxxxxx> wrote:
> Hello Ira
>
> this is EXECtely what china goverment is doing
>
> they have 25% in euro
> 25% in yen
> 25% in usd
> and 25% in cd
> every day they eqalize the amount
> if euro up they sell euro above 25% and buy the week
> currency to make the 25%
> Ben
> ----- Original Message -----
> From: Ira
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Wednesday, November 07, 2007 3:16 PM
> Subject: Re: [RT] The Dollar
>
>
>
> I have two targets below here. One at 74.50 and a
> long term target of 70.50. There is a rumor that
> China is moving a lot of its U.S. Dollar cash
> reserves into Euros. This does not look good for
> the dollar if it is true. Who really knows what the
> Chinese government will do. There is one other
> credit crises that hasn't been addressed out side of
> the lenders and that is the insurance companies.
> How many of them have put how much of your premiums
> into mortgage backed securities. Or just mortgages
> themselves. This will also impact the Dollar.
> There is also a crises brewing with the NASCAR Set.
> How high will the price of beer go with the
> increased cost of barley, hops and wheat? Another
> drain on the Christmas dollar. Maybe a six pack
> gift will do.
>
> Ira
> www.delta100.com
> ----- Original Message -----
> From: Jim White
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Wednesday, November 07, 2007 11:35 AM
> Subject: [RT] The Dollar
>
>
>
> We may be near a turn in the dollar decline.
> This week is a Near Impulse week for the dollar and
> Friday is a Near Impulse day which could mark the
> low.
> Jim White
> Pivot Research & Trading Co.
> PivotTrader.com
>
>
>
>
>
>
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>
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> - Release Date: 11/7/2007 9:21 AM
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