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Nov 04

Long term bet of the month???

The US Dollar is at record lows thanks to the Fed’s announcement to print some money, the Renminbi (Yuan) is pegged to the US Dollar and the US Government is putting lots of pressure on the Chinese to appreciate it…surely the long term bet of the month is to buy the Yuan as there appears to be so much more upside potential than downside risk.

Please note, this is not a recommendation to any reader to buy the Yuan just my simple personal thoughts on its upside versus downside potential.

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