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To: PhiKapMom
Layman's language---Someone BIG needed a LOT of US dollars and liquidated holdings in virtually every currency to buy dollars. Could be a large bank, could be a country, or it could be a number of institutions.

Usually when the Euro has tanked, the Yen skyrocketted more than the $ but tonight the Yen dropped WITH the Euro. Even stranger is that gold went up a lot against the $ even with the $ strengtening against virtually every currency in the world. Could be loud noise--or it could be something big is starting to blowing up. If it continues into the night, expect the Fed Res to lend out dollars to other central banks.

155 posted on 02/16/2009 9:07:32 PM PST by rb22982
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To: rb22982

Thank you! Finally it makes sense. Scary if you ask me.


208 posted on 02/16/2009 10:04:59 PM PST by PhiKapMom ( BOOMER SOONER! Sam Bradford Heisman! LetsGetThisRight.com RED STATE Oklahoma Republican)
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To: rb22982
Even stranger is that gold went up a lot against the $ even with the $ strengtening against virtually every currency in the world.

Hasn't that been going on since the beginning of this crisis? They still can't explain it I guess.
214 posted on 02/16/2009 10:09:04 PM PST by divine_moment_of_facts
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To: rb22982
See Post 198 - info originally from TLR.

http://www.freerepublic.com/focus/news/2187216/posts?page=198#198

221 posted on 02/16/2009 10:16:43 PM PST by Chgogal (Don't look at me, Comrade. You elected them!)
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