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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (10425)	4/24/2004 6:36:58 AM
From: TobagoJack	Respond to of 108551

Hi jimsioi, <<Yuan>> view remain the same as before Message 19813653 (February 16th, 2004) because the good reasons before are still valid. One caveat. China can repeg to a basket instead of a float, but that takes time as well, to determine the correct mix, and to trade reserve in anticipation of repeg, so as to make some money through the exercise. Warning, Yuan rising does not actually help China in buying commodities 'cheaper' when all issues are accounted for, because China cannot print money for purchase of resources. China has to work for the resources, given China currency is not a 'hard' currency accepted the world over. Chugs, Jay