To: blam
Whoah! Just got up, and gold's dropped into the $1730s. USD index has leapt to almost $78.5, higher than it's been since I've been watching it.
Crude's down over $5.
Can anybody explain / summarize what's going on to a Bug that's been stuck at work for the last three days??
76 posted on
09/22/2011 7:06:08 AM PDT by
misanthrope
("...Everybody look what's goin' down.")
To: misanthrope
Nothing we haven't seen before (2008). Whiffs of deflation. The Fed propping up long bonds by using up cash and short term money (hoping to avoid the printing press for now). If a couple Eurobanks go, then we could see a nice bump in the dollar and even better buying opportunity for PM's.
The main difference between 2008 and today is we are three years closer to hyperinflation.
77 posted on
09/22/2011 7:24:50 AM PDT by
palmer
(Before reading this post, please send me $2.50)
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