Libyan state television said a French warplane was shot down in the Njela district of Tripoli, but the French military swiftly denied the report. Libyan state media said that Western warplanes bombed civilian targets in Tripoli, causing casualties while an army spokesman said strikes also hit fuel tanks feeding the rebel-held city of Misrata, east of Tripoli. United States and British forces fired at least 110 Tomahawk cruise missiles at Libya's air defence sites, a top US military officer said, two days after a UN Security Council resolution with Arab backing authorised military action. The US, Britain and France pounded Libya with air strikes and Tomahawk missiles on Saturday, sparking a furious response from Moamer Kadhafi who said the Mediterranean had now become a "battlefield." ![]() Ever considered what happens when the long syndicate close position and go short doubly instead?ĭon't say never, cos Soros and frens had done that with the Thai Baht back in 1997, and the aftermath was known as the Asian Financial Crisis. Now G7 sells their Yen holdings and Japanese Central Bank continues to flood the market with Yen. Otherwise, there won't be muscle to push the Yen up. Not the retail level long yen-usd in the millions, but really syndicated Soros style (possibly all the US hedge funds and institutions) longing of the yen in the megabillions. So my belief is that there is heavy speculative activity in the market. Japanese insurers are most affected by the earthquake and tsunami, but reports suggest they haven't been aggressively selling USD assets. Yet, this may not be happening on such a large scale. The standard analyst response revolves around Japanese institutions and investors selling foreign assets and repatriating cash into Japan as yen. Logically, given that the Japanese Central Bank (one of the Gs) is flooding the markets with liquidity to ensure that the financial system is stable, yen should be falling like crazy, not rising. ![]() Let's take a step back and ask why is the Yen strengthening? G7's yen intervention is a double edged sword. If Iran triggers, get ready for US$200 crude and US$2000 gold. The key axis to watch in the Middle East actually is Saudi Arabia-Bahrain-Iran. The door is opened for hostile Middle Eastern nations to launch an opportunistic counter-offensive. Unrest in the Middle East has truly just started now that the UN coalition have commenced their offensive. Aiks aiks, libya unrest is settled, and g7 pledge to cool yuan seems good thing is coming soon
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