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

To: ild who wrote (64337)	6/22/2006 11:32:26 AM
From: ild	Read Replies (1) \| Respond to of 110194

Date: Thu Jun 22 2006 09:33 trotsky (emerging markets currency crash) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved to be honest, i don't like to see this at all. it means that liquidity continues to diminish - this is without a doubt forced selling. this is bound to spill over into other asset classes imo ( gold may ultimately profit from this situation, but probably not initially ) . Date: Thu Jun 22 2006 09:08 trotsky (HMY, GFI, etc.) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved all sharply higher on the JSE on account of the Rand breakdown. what used to work against them during the consummation of the Rand carry trade now works in their favor as the trade is unwound - these will likely be the best counters to own from here on, as their margins are expanding - provided gold stays at least stable. Date: Thu Jun 22 2006 09:02 trotsky (@the Rand) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved what looked like a tiny break of monthly support yesterday has morphed into a mini crash. Rand/dollar up 23 cents right now, which is actually slightly off the worst levels. the next minor resistance points are 7.50 and then the 8.10 - 8.40 region. most likely though today's formal break-down will be tested at some point. this seems to be bad news for all asset classes depending on global excess liquidity. carry trades continue to break down.