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

To: russwinter who wrote (64812)	6/29/2006 10:50:21 AM
From: booyaka	Read Replies (2) \| Respond to of 110194

The fact that this seems to be a deposit with JPM is disconcerting though? I agree. I'm very hesitant to buy CurrencyShares because of the JPM factor. I don't know why they just didn't put the funds into short-term gov't securities. FAX may be a safer way to play the AUD, particularly if you plan to hold longer term.

To: russwinter who wrote (64812)	6/29/2006 10:54:43 AM
From: gregor_us	Respond to of 110194

JPM is Probably Wishing They'd not signed on these Rydex currency ETF's, given the punk volume in the first week of trading. They're gonna have to get alot bigger imo before one could have any concern about JPM as the custodian/trustee. I have no concerns at all. Yes, FXA is trading but no one has put a trade through yet, today. Just shows the current lack of interest. Remember, the main Fiscal year in Australia runs to 31 March, with many businesses running to 30 June. So I'm guessing Russ that you'll see OI start back up again next week. Again, I don't focus on the US based currency futures, to form my views. Best, Gregor