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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Haim R. Branisteanu who wrote (7657)2/11/2004 10:51:27 AM
From: Jim Willie CB  Read Replies (2) of 110194
 
yes, you captured my CHina tradeoff, but no hedging
do you think they are hedging with long JYen contracts?
China has a large trade gap with Japan
so they are vulnerable to rising prices in Japanese imports of zaitech equipment
if they hedge, it is with the JYen over the US$

they might actually be one of the many forces behind the JYEn rise since Octobre

let's not forget, China might be hedging with massively large Gold long contracts
AND TAKE DELIVERY
that way, they hedge against USTBonds, they accumulate gold, they get nice discount on the gold, they prepare for 2010 new gold-backed Yuan with fresh strong bank system

/ jim
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