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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (5578)	2/12/2002 1:21:42 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 33421

David, Talked to a rancher when we were in Australia. They were staying at our hotel and we had breakfast and cocktails with them. These people were organized into co-ops and certainly worried about the currency. The co-op bought US$'s directly to hedge short term. Currently my investments in Australia are in IAF, FAX and FCO. Personally believe the Aussy$ is undervalued relative to the US$, but have been thinking this way for a couple of years. <g> Did have a chance to open a Aussy bank account when I was over there, but had not done my homework on the tax effect of the transaction. Opening that account and buying Aussy$ AAA debt would have been a good idea --- so far. Joan