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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (7248)	8/16/2001 6:40:24 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi David, <<Do you expect the HK dollar to be delinked from the US Dollar?>> I do not expect any delinking of HKD from USD. HKD and Chinese Yuan will devalue alongside the USD, keeping it company. Having said that, I naturally and normally keep only enough HKD on hand to pay personal and business bills, as this discipline saves me a potential panic trip to the bank should the HK government's promise be debased while I am inconveniently out on a trip. <<71% and 30% including USD>> changed yet again while I was on the road coming home. I was not completely satisfied with my earlier lunch time treasury operation at the bank, and so called my nest-egg-keeper and converted more USD into EURO and CHF. Now my cash position is so: EURO (31%), CHF (12%), AUSD (2%), leaving 65% in USD. I am prepared to go 100% non-USD, but I need to see more momentum. Leaving the USD is like leaving my traditional base camp, given HK is USD denominated territory. These already rapid shuffles are from Jay who abhors rapid and sudden moves. I like to chat up with the bank managers for anecdotes. The manager who approved my breaking of fixed time deposits confirmed that forex operation has picked up noticeably and the direction is away from the USD. Given the snickering and giggles from the bank staff on my quip about folks crowding the bank for forex specs, events seem to be coming to an orgasmic crescendo of splattering panic. Nobody like to be robbed. <<I have single digits percent net USD>> You have the luxury of not living in a USD denominated geographic space in this most unique of times. Chugs, Jay