China Leads. The West Must Share The Pain.
Posted by commoditywatch on May 18th, 2010
Michael Hampton, trader and investor, aka Dr Bubb is back to discuss how China leads the Western markets , what needs to be done in the West and how he is positioning himself in the Swiss franc.
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May 18th, 2010 at 6:16 pm
Please vote in the GEI poll: Sharing the Pain - Is there a fair way to do it ?
Link: http://www.greenenergyinvestors.com/index.php?showtopic=10170
May 18th, 2010 at 7:23 pm
Buy the CHF ??? Switzerland has a Swiss banks have a HUGE exposure to eastern Europe (CHF carry trade) and the US. So, the swiss banking can be considered to be “”toast”" as well. I followed the advice of mr. Bob Hoye: buy US T-bills and the USD ! It WILL go up against all other currencies (perhaps not against the Yen).
May 21st, 2010 at 3:25 am
This morning I read on Bloomberg that the SNB (Swiss Central Bank) are propping up the Euro to lower the CHF and ease their struggles to export.
Caught me by surprise - I thought being a strong immobile currency was the Swiss export!
May 21st, 2010 at 11:35 am
The SNB created a better buying opportunity for CHF.
I have only started buying, but I took some advantage from that. Buy it does show that there are some limits to the size of the GAP before the SNB will react
May 22nd, 2010 at 4:04 pm
Wrt 2: Buy T Bills & USD
For: Impending drop in equities leading to flight into USD (as per late 2008).
Against: The DSI (Daily Sentiment Index) on the Dollar Index recently peaked at 98% which suggests a pendulum swing towards a lower USD.
Am also left wondering how high the dollar index can be expected to go?
May 22nd, 2010 at 4:13 pm
Wrt 4: Buy CHF?
Thanks for the response.
Have TBill (ETF) holdings and am thinking to diversify some though CHF wouldn’t have been a first port of call.
Switzerland is a stability haven and the only other comparable I can recall is Singapore. Expecially with your HK perspective why aren’t you looking there first?
May 30th, 2010 at 4:21 am
I personally wouldn’t be surprised to see the EUR/USD to go down to say, 0.80 or below. And that WILL be for a problem for China as well because China has pagged the Yuan to the USD.
Somewhere in the 4th quarter I expect to move back into the Euro again. The keyword is “”Current Account”". In the current situation I would expect to see a full blown USD currency crisis in around the 1st quarter of 2011.
Buying CHF ? I still don’t know.
August 12th, 2010 at 5:34 am
You guys may be interested in a related podcast. Michael Hampton, a regular on FBB talks with two experts, Dave Skarica and Erik Townsend, about the state of the markets. He goes into some areas that may appeal to those with an interest in Astro-Cycles. He talks about the recent Cardinal Climax, and technical and fundamental factors that may drive the markets lower in August, which is often a quiet month : http://globaledge.podbean.com/2010/08/09/summer-doldrums-or-the-eve-of-disaster/