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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (72353)	2/5/2010 2:14:03 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

just woke up from slumberin hkg, 3:12am, to participate in the excitement of nyc just in in-tray the Swiss buy into the US strong dollar policy: marketwatch.com. TOKYO -- The Swiss franc fell to multi-month lows against the euro and dollar in Asia Friday as market participants said Switzerland's central bank made a rare and aggressive intervention to curb its currency. The euro spiked around 0300 GMT to CHF1.4905, its highest since Dec. 28, from CHF1.4635. The dollar jumped to CHF1.0800, its highest since Aug. 18, from CHF1.0670. Two dealers in the region said they saw franc-selling orders under the name of the Swiss National Bank on the EBS trading platform. The central bank was bidding for euros at CHF1.49, far above the spot rate of CHF1.46, they said. "I've been in the currency market for two decades, but this is my first time to see the SNB doing intervention in Asian time," said one dealer.

To: Haim R. Branisteanu who wrote (72353)	2/5/2010 2:16:27 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

just in in-tray, the next item gold stocks up?-perhaps the G7 bottom is in, must wait and see-the swiss have beggared the franc to boot- a classic "roots on one" central bunker moment... If and when the buck must be revalued-it will look a lot like this-imho-with a CB kleptocrtacy pavlovian buy the buck (just like last time) safe haven moment- required manufacturing of usd counterparties-but I suspect once the key creditors are "whole enough" in hard assets of oil, mines and agriculture via the wash, rinse repeat cycles- the buck bulls will be hung out to dry-jmho