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Royal Gold, Inc. Message Board

  • traveltrader777 traveltrader777 Nov 23, 2004 9:03 AM Flag

    currency issues

    A couple of interesting pieces on the dollar issue: One on the Moragan Stanley website, (Yahoo won't let me post link), plus one on the front page of the entitled:

    "China tells US to put its house in order
    " :

    The FT article quotes Li Ruogu, the deputy governor of the People's Bank of China. I think it puts squarely in perspective that China will do whatever is best for them, whenever it suits them....and all this recent talk we've seen in the press from "experts" talking about imminent revaluations of the Chinese currency is just hot air. imo.
    Today is a holiday in Japan so there is likely no talk/intervention coming from them, hence the dollar is weakening again. - Also, BHP may bear watching today, it had a great day in OZ.

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