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Written by Steve Meyers   
Friday, 30 July 2010 09:34

Should China Dump Dollars for Commodities? What about the "Nuclear Option" of Dumping Treasuries? Can Global Trade Collapse?

Every time there is a little blip by China in its purchasing or holding of US treasuries, hyperinflationists come out of the woodwork ranting about the "Nuclear Option" of China dumping treasuries en masse.



Such fears are extremely overblown for several reasons.

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Kritrdr |69.21.145.xxx |2010-07-30 10:10:13
What signals or timing should I look for if I was to short the treasuries. Is it when the stock market bottoms after it's upcoming free fall? Or when the dollar tops?
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SteveM |Administrator |2010-07-30 12:13:42
When the dollar tops.
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Mars  - FRI SP500 |173.197.24.xxx |2010-07-30 10:14:29
So far the SP500 is repeating THUR's intraday pattern, but in reverse. If this holds, look for the advance to continue to approx. noon(EST).....then a reversal down....then in the last 30 minutes, a final run up into the close.

just keep an eye on it, to see if the pattern unfolds
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DZ  - EW count blown |70.114.236.xxx |2010-07-30 11:03:49
I have less conviction the bearish count is right. I can see us building a wave 4 of an uptrend here. Lost huge money trying to play the downside.

We may have seen the half-trading-cycle bottom and now to finish.

Bought some GTU and UGL. Holding some VXX but plan to rotate to VXZ. Accumulating LHB and holding EFU. Dry powder to unleash the 3Xs should the lemmings run it back to 1150.
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DZ  - Weekly RUTSPX |70.114.236.xxx |2010-07-30 11:32:11
Look at the last time it blew. We have a ways to go. RSI should curl over.

http://stockcharts.com/h-sc/ui?s=$RUT:$SPX&p=W&b=5&g=0&id=p20254351232
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Kritrdr  - re: |69.21.145.xxx |2010-07-30 14:18:12
THANKS!

SteveM wrote:
When the dollar tops.
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The statements, opinions and analyses presented in the articles and newsletters on this website are provided as a general information and education service only. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither GrainBelt Commodities, LLC. nor Steven R. Meyers shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.