Russia to buy DOLLARS!

[Mega]

http://www.bloomberg.com/apps/news?p...sdLU.68w&pos=5

Thats Dollars from Canada & Oz...May be Zim-bar-be as well ;)
Mike

[c1ue]

Re: Russia to buy DOLLARS!

I like how the article makes it seem like Russia is ramping up its dollar holdings:

Russian holdings of U.S. Treasuries gained $200 million in September to $121.8 billion, the most since May and an increase of more than 22 percent since September 2008, according to a Treasury Departmentreport released on Nov. 17.

The actual record shows a slightly different picture:

	Sep	Aug	Jul	Jun	May	Apr	Mar	Feb	Jan	Dec	Nov	Oct	Sep
Country	2009	2009	2009	2009	2009	2009	2009	2009	2009	2008	2008	2008	2008
	------	------	------	------	------	------	------	------	------	------	------	------	------
Russia	121.8	121.6	118	119.9	124.5	137	138.4	130.1	119.6	116.4	108	110.8	99.6

Were the Treasury monthly net issuance figures available, it would make these numbers look even worse.

[D-Mack]

http://www.bloomberg.com/apps/news?p...sdLU.68w&pos=5

Thats Dollars from Canada & Oz...May be Zim-bar-be as well ;)
Mike

Rogers is also buying dollars

And there are many, many pessimists about the dollar, including me. So many pessimists that I suspect there's a rally coming. I have no idea why there should be, but things do usually rally when you have this many bears at the same time. I've actually accumulated a few more dollars. I mean, it's not a significant position, but I do own more dollars than I did a month ago. And we'll probably also have a gold correction because there's so many bulls on gold.
http://www.businessweek.com/magazine...8011706814.htm

I like how the article makes it seem like Russia is ramping up its dollar holdings:



The actual record shows a slightly different picture:



Were the Treasury monthly net issuance figures available, it would make these numbers look even worse.

The most since May ? What happened in May? It was less than in Apr...