Roach Bearish On Currencies

A quote from Stephen Roach - December 3, 2009

If you are bearish on all currencies, where does that leave you?
Probably going to precious metals.

Stephen Roach video


  1. The holdings of the SPDR fund increased by 65 Tonnes today, and increased Friday over Thursday, last; Bullion in London shows no private selling of gold; none. It was a mini-bubble it's having a mini-pop; you never know what kind of news event will occur in the world; but baring large events; the Gold price should bounce real close to $1,000; timeline around the second week of January. I don't see that there's any difference between $1,000 and 1,050$ for a medium term investor, that's where it started getting frothy so that's where it should correct to;

    and consider these activities ;
    the total debt in the USA ; , throw in a little grain disease like this stuff ; Ug99 , , and squeeze the supply and we got the formula for hyper inflation with a Growing Population thats the target of regulators and why we see these types of issues ;

    Text of H.R. 645: National Emergency Centers Establishment Act ;
    why are we doing this ???????????????????????

    and it plays right into this ;
    China is passing Inflated prices on our Imported goods too. And this will only get worse as they become less and less involved in buying US Treasuries , and rising prices on goods more and more to off set this devaluation process .
    This is a warning of whats to come from the Finished products China will be delivering into the markets and this will effect profits for the equities... Commodities will be the fundamental growth sectors for future growth as retail sectors will grapple with these inflation increases and the consumer is still without incomes that can sustain higher prices , so rationing will be a self imposed prophesy .

    double-digit growth in June fueled by government stimulus programs and spiking in November to more than 19%.

    China is paying $107/ton to import iron ore

    I want to point out the yearly DZZ chart here and say that it shows us that the fundamentals for deficit spending , the continuation , and noting of Chinas Inflation data at 19 % with a fundamental increase next year on rare earths that go into flat screen and tech related stocks is being shown in this chart , and why the trend in shorts are leaving the independent investor for the hard assets and the exposure for the Commercial trades is getting critical mass stages , they are going to get pushed into filling their own orders ;


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