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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (8786)	1/23/2008 4:38:19 PM
From: Patrick Slevin	Respond to of 33421

Yeah, I'm aware of the Krona drop. I was leery of it a year ago when a newsletter guy was pitching the Icelandic bonds. At this point however I took a flyer on the Krona by putting half the capital in with the other half betting on Yuan. The attempt is to barbell Interest & Speculation. The Krona time frame is 3 months automatically rolled over. Perhaps Everbank decided to force down the long term risk by limiting the time frame. Putting money into a CD with a one year maturity & watching the underlying sink 20% probably resulted in more than a few calls to Everbank, and perhaps that's why they screen for risk tolerance so closely. ---- I cannot find a Forex quote for CHY. Futures Quotes, but no pairs. --------- No Yield on the Yuan. Pure Price Speculation. There is a private fund, which I may buy into, that melds several Asian Currencies and pays a yield because part of it is in Rupees & whatnot that pay out interest. But my intent is pure spec, so yield is secondary here. ----------- I don't watch CNBC unless I need a laugh. So I haven't heard them try to get their tongues around ren-min-bi. Renminbi = People's Currency, Yuan = Round. Unless we need to be politically correct Yuan is fine by me.