Sunday, March 07, 2010

Ready To Roll(over)?


23 comments:

xerxes said...

China ready to end dollar peg:

At the annual session of the legislative National People’s Congress in Beijing, Zhou
Xiaochuan, governor of the People’s Bank of China, said that the days of the “special yuan” policy were numbered. He described the dollar peg as a “temporary” response to the global financial crisis, but gave no timescale for any change in policy.

http://www.telegraph.co.uk/finance/7386391/China-ready-to-end-dollar-peg.html

boris said...

Dear Xerxes,
Thanks for update on this subject
Good Trading Dear Friend

John said...

China is also not backing the loans of their state and provincial governments.


old john

boris said...

Dear Xerxes,
Dear John,
China is in the stage of growth. Like USSR and USA were in 60-79s. It did not have to enter into deceptions like Social (In)security etc. And Savings were great and supporting growth. Now, that USA may want to be more like chine(kill dollar and export the hell out of US), China may have no choice, but to enter into "SAFETY NETS", such as explicit/implicit promises to bail out any and all states/provinces in the future and create the equivalent of Social Security program in CHINA.

They are surely heading that way, for no system has yet been able to bypass this DECEPTION called Social Services to keep the power going and COMMIES in China are not just about to give up their "hard earned" privileges.

Good Trading Dear Friends John, and Xerxes

xerxes said...

Good Morning Dear Boris

boris said...

Dear Xerxes
Good Morning
Good Trading
Very Dear Friend

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Good Morning Dear Bert
Good Trading to you
Very Dear Friend

boris said...

emini274
AtDotOrg

gorli said...

hi boris, .org website is "disabled"!
can you look into the problem?
gorli

Ivan said...

.org is down, probably because of some maintenance on the server. I hope, the hosting company will solve this soon.

xerxes said...

Jimmy Rogers just said that he's still long the buck and has been for 5 - 6 months and he isn't selling yet ... I remember him being interviewed when EURUSD was about 1.50xx and he said that he was shorting the euro

xerxes said...

Jimmy says gold is going to 2000

xerxes said...

When Betty Liu asked Jimmy where he thinks equities are going he said that he gets that info by watching B-berg Europe and he had nothing to add Dear Boris

Ivan said...

.org up again!

xerxes said...

Bulgaria & Portugal are in the crosshairs per B-berg

boris said...

Dear Ivan,
Thanks a lot
Good Trading Dear Friend

boris said...

This stage of decline from the top maybe over, need to watch what develops after little correction here

boris said...

Well, looks like we are getting a little rally in the market and decline in JPY , right after that statment I made above. So, we could be on the right track for a while, depends on the picture we paint further out in time.
Let's watch

Good Trading ALl

boris said...

UPdate
Market Report

boris said...

Update
at
Market Report
related to timing of markets

boris said...

Wonderful ha.
Market stopped rising at 13:44
What was our prediction?

13:45(:-

I do not yet know how long this top will last, but so far, so good.

Another BULLS EYE!

boris said...

Please
GO TO New Post
GOod Trading