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Ben:
I agree they are not stupid. They were some of the
finest traders in the world long before we were
wearing anything but animal skins [we being Europeans
that then came to America].
That being said, they are a little like America in the
expansion period of the 1920's. They are growing SO
fast and have so few people compared to what they need
to take advantage of all the wonderful profit
potential sitting in their laps, they currently do not
have the time, energy or people to do as surgical an
allocation method as you described. They'd like
to--trust me, I am constantly being asked to move my
family because they want to build a very large new
investment arm that would deal with nothing but market
timing, investment timing and materials purchasing
timing--but they are simply overwhelmed meeting the
daily demands of keeping up with how fast eveything is
growing and moving.
That being said...They are NOT invested in the U.S. in
a large way. Those days are over. They, along with the
majority of pro U.S. Royals and several other ex major
U.S. asset holders have been diversifying for some
time. But the Chinese are not managing currency
exposures for profits on a daily or weekly basis. Not
yet. But they have lots of money. Lots.
They're not stupid. They were just resting,
waiting...and I believe it's safe to say they are
awake now.
Tim
--- Ben <profitok@xxxxxxxxxxxxx> wrote:
> charles
> they are FAR from being stupid
> their goals are 2 fold
> a: keep the buying power of their nation
> b: make money
> think of how much money they make daily buying low
> and selling hi
> ----- Original Message -----
> From: Charles Meyer
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Thursday, November 08, 2007 8:19 AM
> Subject: Re: [RT] The Dollar
>
>
> 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
> >>
> >
>
>
>
>
>
>
>
------------------------------------------------------------------------------
>
>
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.5.503 / Virus Database: 269.15.25/1118
> - Release Date: 11/8/2007 9:29 AM
>
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