the humble scribe

Will the Loonie Join the Party?

The Deep pocket you refer to in your comment must be the Bank of Canada whose intention is to prevent the Canadian dollar from overheating.

Friday Outlook: Commodities, Global Markets

It is not if ''we beleive the Party will be toppled'', it is that we beleive the fundamentals for the US dollars are the worse possible. In other words, its not CNY that will appreciate in value; it is that the US dollar will depreciate relative to all other currencies, unless, the Fed decides to start tightening sooner rather than later.


On Aug 28 04:42 AM manya05 wrote:

> Look at all the graphs, including those for currencies, and then
> look at CNY. It screams Manipulation !!! doesn't it? do you really
> want to be invested in that? Why? The only logical answer I see is
> that you are betting the Chinese Communist Party will not be able
> to manipulate forever and at some point they will have to let appreciate.
> I think there is a fat chance they will not be able to manipulate,
> only if you believe the Party will be toppled, and in that case CNY
> will not appreciate, it will be obliterated. Sorry, but I am not
> clear on the concept of owning CNY, it looks like you are better
> off just holding USD.

The Power of Gold

Am I right in asking at this point, how much could the Federal reserve or other central banks in the world directly (or indirectly through the IMF) for example, manipulate the market price of gold and prevent it from reaching its true value?

Is It Time to Abandon the U.S. Dollar and Go for Gold?

What if some European central banks start selling Gold to prop up their econmy? Could this bring down the price of Gold?

Rumors are that Italy may be already selling some of its Gold reservers.