Comments on: The Collapse of Gold and Commodities http://www.dailyreckoning.com.au/collapse-of-gold-and-commodities/2008/08/19/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: ross http://www.dailyreckoning.com.au/collapse-of-gold-and-commodities/2008/08/19/comment-page-1/#comment-36502 ross Fri, 22 Aug 2008 00:43:54 +0000 http://www.dailyreckoning.com.au/?p=3391#comment-36502 And why go after the dollar when they could the same job going after the pound (Soros style)? And why go after the dollar when they could the same job going after the pound (Soros style)?

]]> By: Ross http://www.dailyreckoning.com.au/collapse-of-gold-and-commodities/2008/08/19/comment-page-1/#comment-36500 Ross Fri, 22 Aug 2008 00:35:42 +0000 http://www.dailyreckoning.com.au/?p=3391#comment-36500 @ Mikfax The BIS implored central banks to do just that in its June report, noting that central banks had been unloading dollars in the prior periods. Like you say they can manipulate better now than ever due the weakness of anyone taking leveraged positions. But the central banks need to keep the SWFs happy and maybe remind their masters not to go taking asymmetrical media warfare potshots at the russians & chinese who could call their bluff any day. @ Mikfax
The BIS implored central banks to do just that in its June report, noting that central banks had been unloading dollars in the prior periods. Like you say they can manipulate better now than ever due the weakness of anyone taking leveraged positions. But the central banks need to keep the SWFs happy and maybe remind their masters not to go taking asymmetrical media warfare potshots at the russians & chinese who could call their bluff any day.

]]> By: Mikfax http://www.dailyreckoning.com.au/collapse-of-gold-and-commodities/2008/08/19/comment-page-1/#comment-36322 Mikfax Thu, 21 Aug 2008 04:32:52 +0000 http://www.dailyreckoning.com.au/?p=3391#comment-36322 maybe bush's plunge protection team, is playing with your heads. Better article here - http://www.globalresearch.ca/index.php?context=va&aid=9828 On July 16, 2008 . . . , the Federal Reserve reported holding $2,349 billion of US government paper in custody for central banks. In its report released today, this amount had grown over the past three weeks to $2,401 billion, a 38.4% annual rate of growth. . . . So central banks were accumulating dollars over the past three weeks at a rate far above what one would expect as a result of the US trade deficit. The logical conclusion is that they were intervening in currency markets. They were buying dollars for the purpose of propping it up, to keep the dollar from falling off the edge of the cliff and doing so ignited a short covering rally, which is not too difficult to do given the leverage employed in the markets these days by hedge funds and others."2 maybe bush's plunge protection team, is playing with your heads.

Better article here -
http://www.globalresearch.ca/index.php?context=va&aid=9828

On July 16, 2008 . . . , the Federal Reserve reported holding $2,349 billion of US government paper in custody for central banks. In its report released today, this amount had grown over the past three weeks to $2,401 billion, a 38.4% annual rate of growth. . . . So central banks were accumulating dollars over the past three weeks at a rate far above what one would expect as a result of the US trade deficit. The logical conclusion is that they were intervening in currency markets. They were buying dollars for the purpose of propping it up, to keep the dollar from falling off the edge of the cliff and doing so ignited a short covering rally, which is not too difficult to do given the leverage employed in the markets these days by hedge funds and others."2

]]> By: christina http://www.dailyreckoning.com.au/collapse-of-gold-and-commodities/2008/08/19/comment-page-1/#comment-36018 christina Tue, 19 Aug 2008 15:32:45 +0000 http://www.dailyreckoning.com.au/?p=3391#comment-36018 Maybe the Americans have been reading that book "How to lie with statistics" It sure is a great read. You can buy it on amazon Maybe the Americans have been reading that book "How to lie with statistics" It sure is a great read. You can buy it on amazon

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