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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Enigma who wrote (2197)10/18/1999 4:21:00 PM
From: Henry Volquardsen  Read Replies (1) of 3536
 
this is part of my message to her and it includes the link to the original post.

this post was just brought to my attention.
Message 11437152

I hesitate to open old wounds but I don't see your point. You reference a post I made explaining my experience. You make note of my saying that I never traded spot. You imply that this is an example of my not "having my cards on the table". As evidence you repost an earlier message I sent you. But I see nothing in that message which implies I said I ever traded spot. What I said was that I was involved with trying to promote the lease market which is the same as I said in the other message. Also when I said we spent a long time trying to educate the CBs to look at leases this way the we referred to my company. I never had direct contact with the central banks. My participation was to structure and manage the interest rate risk.


In her post she had highlighted the word spot which is why I thought that was the question. My point in both posts was that I didn't trade spot gold but had been involved in lease transactions for quite a while. I felt both posts were consistent. Lease transactions do not have to be gold carry trades, most are for hedging purposes. As to 'fathering' leases, I wish -g-. Leases precede me. But I have been involved in them for some time. I also said we tried to promote their greater use and we were not alone in that. I think I said in bothe posts that I come from an interest rate and currency background and got involved in the leases from the aspect of managing the US dollar interest rate risk.

I never got a response so I don't know if I answered her question.

Henry
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