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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (34758)	8/2/2005 7:40:01 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

>>The Forex markets will reflect it....the Yen will rise against the dollar when that happens (and it has already happnened to a minor extent).<< Thanks for pointing that out. What about Euro? I think China will hold more Euro than Yen, and also plenty of other Asian currencies who are the major trading partners of China.

To: patron_anejo_por_favor who wrote (34758)	8/2/2005 8:59:15 PM
From: regli	Respond to of 116555

This is why am advocating that the Chinese buy gold. It will drive the price of gold up but should have few if any tertiary effects on other currencies. If they purchase too much crude then the price of CL goes through the roof and as they are the manufacturer of record, it might backfire badly. Gold is a market that could be controlled quite nicely (at a minimum without loss of purchasing power) at a much higher level with very few negative consequences for China.