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Shanghai starts one-year countdown to the largest expo ever
May 27, 2009 22:26
#31  
  • BOBERT
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Like the Australian dollar, the Canadian dollar is perceived as commodity driven. To my knowledge there are no diplomatic or other reason for the appreciation of the Canadian against the RMB. Of course the huge oil sands deposits in Canada make it an even stronger commodities economy but the same conditions that are pushing up the A$ value prevail for the C$. It just depends on whether you view minerals or oil as the beast hedge against inflation as to which dollar you choose.
May 28, 2009 20:59
#32  
  • MARRIE
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Since right-wing was in power in Canada, the relationships between sino and canada has been cooled down to zero. Where is Uranium going and how canada plans to ralley its static economy considering canada relies on too much on US who seems no longer able to take care of members of its alliance.

May 29, 2009 00:58
#33  
  • BOBERT
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Marrie, take a look at this chart.
http://www.world-nuclear.org/info/inf75.html

Australia has 23% of the enrire worlds known reserves of uranium. It has 3 times as much as Canada. We also have the largest world reserves of iron ore plus many other minerals vital to the Chinese economy. Our Prime Minister speaks fluent Mandarin and we have a good relationship with China. Buy the A$!
May 29, 2009 04:50
#34  
  • BOBERT
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Hey Marrie,
Today the A$ went up another 1 1/2 cents ( 2% ) against the $US and as a consequence, the RMB. That makes it worth US$79.5. I hope your holding some.
May 30, 2009 09:56
#35  
  • MARRIE
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Quote:

Originally Posted by BOBERT

Hey Marrie,
Today the A$ went up another 1 1/2 cents ( 2% ) against the $US and as a consequence, the RMB. That makes it worth US$79.5. I hope your holding some.


Haha Bobert, obviously you have no idea who i am. stock mkt is a sheer game, i have never ever taken it seriously and definitely won't take it as backup carreer because i like to walk on wide and clean cement road that is paved by my own hands instead of on the rope. As a amateur, i could play it with my idle cash after retirement for earning travelling fees..

The whole game in current financial mkt can be described by this excenllent Japanese film which i saw as child when i don't quite understand the meaning , while as time goes by,i begin to understant why this film is called " the castle of sands''. Note that the little beachbum is the pianist.
Last edited by MARRIE: May 30, 2009 09:57
May 30, 2009 16:43
#36  
  • BOBERT
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No Marrie, I have no idea who you are. How could I? I have sent you two private messages asking for details you but you chose not to answer or reveal anything. Likewise you have no idea who I am other than what I chose to reveal in my profile.

The stock market is not a game as you suggest. It's deadly serious. Without the stock market all financial markets would collapse and all business would grind to a halt. I agree it has it's faults, but so does every system. Playing the stock market relies on only two emotions. Fear and greed.

This statement is curious..."i like to walk on wide and clean cement road that is paved by my own hands instead of on the rope." I presume you mean you never make money from others and only through your own endeavours. I also presume it to mean you never take risks. So you never put money in a bank or accept the interest? Even banks are a risk and make money through other peoples work.

I never "play" the market. I invest in it. I never invest in currency markets but you asked the question so I answered it. When you become as old as my profile says I am you have few ways of making money other than investing in the stock market or living off interest. So I do both. I feel no sense of guilt whatsoever from that. Why should I? My investment capital was generated through my physical toil but now I choose to use my intellect instead. At almost 90 years of age I would have little other choice.

I watched part of your "film" (yet another British or Australian word) but it's significance was lost on me. Nice music though.
Last edited by BOBERT: May 30, 2009 16:46
May 30, 2009 17:46
#37  
  • MARRIE
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Bobert, I didn't express what i meant to. I mean deravative maket is like walking on the rope if it's not for hedging purpose. Bobert, can you let us know how you keep your mind so refreshed as an 90 year old bloke. I think you can live another 43 years i.e. live until 133. Nice weekend!!!
May 30, 2009 20:44
#38  
  • BOBERT
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Marrie, I agree entirely that the derivative market was an accident waiting to happen but that is seperate to the stock market. The derivative market and excess debt borrowed to drive unattainable growth levels was the cause of the global financial crisis. Not the stock market. As Warren Buffet said of the derivative market. "It's like burying your father in a rented suit" and "You only find out who's swimming naked when the tide goes out". Simplistic, but accurate.

Now I realise you meant "tightrope" instead of "rope". I confess I lied about my age in my profile. I am much older than that! You ask how I keep my mind refreshed at my advanced age. The answer is simple. Lot's of sex and plenty of alcohol.


I have answered your questions so now it's my turn. Your use of the words "bloke" and "film" hint that you have been influenced by Australians or Britons. Have you? Why don't you reply to my private messages? What do you have to fear from a bloke much older than 90?
Last edited by BOBERT: May 30, 2009 20:50
May 31, 2009 11:08
#39  
  • MARRIE
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Bobert, thank you for correcting my phrase. I am Chinese and I haven't realized which is British English and which is American English like math or maths. I don't believe you are the one as you describe yourself, otherwise you could not have enjoyed such a long life.

I think high value canadian dollars against RMB or U$ is no good for exports, Canadians are selling C$ to buy U$ to curb its currency up.
May 31, 2009 17:00
#40  
  • BOBERT
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Marrie, I disagree that the relative high value of the $C against the $US or RMB is a negative on commodity exports. Most commodity contracts are written in $US dollars so in fact it's good for the Canadian balance of trade. There is no way Canadians would sell their currency to buy the still overvalued $US. The only things that can improve the value of the $US is an improvemenet in it's underperforming economy and a reduction in it's mammoth debt. In fact China, who has a huge holding in $US valued government bonds, is currently buying and stockpiling commodities as a hedge against a continued fall in the value of the $US.

Never underestimate the power of sex and alcohol as an aid to longevity. I am the living proof!

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