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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (52598)	2/4/2006 1:36:33 AM
From: shades	Read Replies (2) \| Respond to of 110194

Chen my old friend! I am glad you did not die in the chinese fireworks fiascos - I was worried about you. IE IRON and COPPER - I have stuff that I use that NEEDS those and there doesnt seem to be too many cheaper substitutes - right now to play you over broadband global online deathmatch - takes lotta copper and fiber - and maybe lotta uranium and nuclear power - so I agree whole heartedly those may be very good investments - but until I see the utility boys laying GOLD WIRE so me and you can have high speed deathmatch - I still take a stance against gold being necessary for our future - I like this little trick you try right now - lump gold in with all these other ESSENTIAL metals - but it is a trick and I know you are better than that good General. Please in the future when we all agree that copper and other resources will be very important to expanding chinese standards of living - do not throw gold in there - however I will keep an open mind - if you show me how gold will make a star trek society possible with lots of internet and broadband and technology and medicine - then I will like gold - I already send you link where nano silver is shown to kill virus and possibly AIDS in test subjects - so I can even like SILVER - even gates had PAAS at one time eh? But I still see no fundamental use for gold by everyday person other than jewelry - and I am not one for fashion show. Perhaps gold will play important part in the space race and moon bases and such - if and when it does then I will see it as a good investment - but not now.

To: TobagoJack who wrote (52598)	2/5/2006 12:11:06 PM
From: Amark$p	Read Replies (3) \| Respond to of 110194

Are your comments and Coxe comments related...? Coxe comment: "an interesting theory that the change in the oil and the metals curves going from deep backwardation into a flatter curve where the futures trading is right up with the spot could be a reflection that China is using the dollars in its exchange reserves not to actually buy the commodities, but to buy the futures contracts. And so, if you put them together then, since they will accept delivery in the future of those commodities - they will just pass them along to their government agencies as they take deliveries of them - then it's pointed out that the only risk they're assuming with this is the credit risk on the US on the Treasuries. So in effect what they can do is not actually change the apparent nature of their foreign exchange reserves, it's still held in Treasury securities, primarily in agencies, but in effect what they've got themselves is a call on the future deliveries of commodities. Now that's a fascinating concept and it is certainly intriguing to see the way in which the futures now behave so well relative to spot and again would illustrate simply that the economic power is moving away from the traditional sources and that the people who feel that this cycle has to look like the others, will continue to get surprises." Your comment: "A financial rumor astonished me. There are whispers suggesting that China foreign exchange is now at less than 50% weighed in USD (not forward allocation of the flow, but current, as in this minute allocation of the pool). If true, then that suggests the Japanese will be holding the bag on the USD when the eventual time comes to hold the bag, which would not surprise me, as that is the role assigned by destiny for bubble bag holders of first call and last resort."