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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: KonKilo who wrote (40149)	6/10/2009 12:36:22 PM
From: zoeie	Read Replies (1) \| Respond to of 48461

Be a trader not an investor!! Unless it's SIGA and AVII. <g> Unlike today.. neither follow the market very often.gl.

To: KonKilo who wrote (40149)	6/11/2009 7:25:42 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

Nice! ROYL & DSTI got game all of a sudden.

To: KonKilo who wrote (40149)	6/11/2009 7:31:40 AM
From: Bucky Katt	Respond to of 48461

This is a major paradigm shift> Brazil, Russia to Sell U.S. Treasurys. Russia and Brazil are set to unload Treasurys as they acquire new IMF securities. China and India may follow. Brazil and Russia are set to unload U.S. Treasury bonds as they acquire $10 billion each of new International Monetary Fund securities designed to bolster the institution's aid programs, officials in the countries said Wednesday. The moves are part of a bid by the so-called BRIC nations -- Brazil, Russia, India and China -- to play a bigger role at the IMF and other international institutions. The announcements helped push Treasury yields to their highest level this year on concern that rising U.S. debt has hurt T-bill demand among big holders of U.S. dollar reserves. Leaders from the BRIC countries, who gather next week in Russia, are seeking to forge a bigger global voice on economic issues for the group. A big part of that is getting more of a say in IMF lending decisions; providing more funding to the institution is a first step toward that. Strapped for cash, the IMF has been designing a bond that would meet the demands of Brazilian and other central banks since January. In addition to pledges by Russia and Brazil, China is considering the purchase of up to $50 billion. India is expected to announce a purchase in the range of the Brazilian and Russian pledges. "This is an investment that Brazil is doing with part of its reserves and making available financing so that the IMF may help emerging countries, especially developing countries which face today a shortage of capital because of the global financial crisis," Brazilian Finance Minister Guido Mantega said at a news conference. While Mr. Mantega said the main intent of the bond purchases is to win a bigger voice at the IMF, the move is a diversification away from U.S. dollar-denominated assets. The IMF bonds would represent about 5% of Brazil's total reserves, which are mostly denominated in dollars. The announcements come amid complaints from Brazil, China and Russia about the U.S. dollar's dominance as a reserve currency since the global economic crisis deepened last year. Officials are concerned that U.S. efforts to pull out of a recession by borrowing may ultimately debase the greenback and undermine the value of their reserves. The BRIC nations are trying to make a political point at the IMF, too. The IMF is looking to permanently increase its lending war chest, but the four nations are thus far only agreeing to buy IMF bonds, a less permanent form of backing. The BRIC countries are arguing that they should get bigger voting shares in the IMF before they are expected to make deeper commitments to IMF financing. Dollar volatility is more of a concern for developing countries because they must hold massive foreign reserves to back their currencies. China is the world's biggest holder of reserves; Russia is third, India is fourth and Brazil is seventh. Reflecting these concerns, Alexey Ulyukaev, first deputy chairman of Russia's central bank, said Wednesday that Russia would slowly cut the amount of U.S. Treasurys in its mix of reserves. At the height of the crisis, Russia plowed more of its reserves into U.S. dollar assets and is now readjusting those investments as the global outlook improves, Russian officials also said. "We are planning to gradually reduce the share of U.S. Treasurys as a window of opportunity for working with other instruments is opening, and the situation with foreign banks has become clearer," Mr. Ulyukaev said in comments quoted by the state-run RIA Novosti news agency. To be sure, BRIC countries aren't talking about abandoning the dollar. China's vice foreign minister He Yafei said as much on Tuesday during a press conference to discuss the group's upcoming meeting. "Nobody is talking about dumping the dollar. I don't think this is realistic," he said, according to Reuters. What's more, it isn't in the interest of any of these nations to take actions that undermine the value of the dollar, since they hold so much of it. Concerns about the U.S. dollar as a reserve currency peaked in March, when Chinese central bank governor Zhou Xiaochuan suggested that International Monetary Fund's quasi-currency, the special drawing right, could replace the dollar as a reserve currency. The IMF bond, likely to be denominated in special drawing rights, would represent a small step in that direction.