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Frankly, I would be shocked it their plan were this
simplistic.
You'd think they would be more sophisticated; but then
again
they may be naieve about the inter-workings of capitalism.
Don't know really.
chas
-----
On Wed, 7 Nov 2007 20:05:50 -0800 (PST)
Timothy Morge <timothymorge@xxxxxxxxxxxxx> wrote:
> 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
>>
>>
>>
>>
>>
>>
> ------------------------------------------------------------------------------
>>
>>
>> No virus found in this incoming message.
>> Checked by AVG Free Edition.
>> Version: 7.5.503 / Virus Database: 269.15.24/1115
>> - Release Date: 11/7/2007 9:21 AM
>>
>
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