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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.44+0.6%Dec 12 4:00 PM EST
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To: RJA_ who wrote (41812)10/26/2008 3:26:22 AM
From: Haim R. Branisteanu   of 218494
 
IMHO and my speculation is that what will happen will be, that settlements of FX transaction would be deferred to several major currencies no matter in which currency the demand or the payment was originated, by this voiding the need to act in the FX markets to sell/buy major currencies for payment in USD. For this effort to succeed, the transaction should be settled and only after that to be made public.

For this a special clearing house will be established within the operation of the Bank of International settlements and I hope also a small fee will be charged (1 to 2 pips) of the transaction as a buffer.

This will lower the volatility in FX markets and keep out of the loop the major banks that are traditionally front-running the transaction for a "nostro portfolio" gain

As to gold I am clueless and not a buyer, even that I think it will apreciate
BWDIK
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