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To: schm0e

If this downward swing is caused by banks, either they have a liquidity problem and are selling assets to stay liquid or they are selling high. If banks are selling now, I would expect it to be the later


54 posted on 06/25/2013 9:12:31 PM PDT by Cool Guy
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To: Cool Guy

the point is this: if you own the physicals (any commodity), you can do anything you want to the spot market. Those myths about speculators “controlling the market” are propaganda for the masses. If banks are selling, it’s because they feel like it, not because they have to.


57 posted on 06/25/2013 9:15:39 PM PDT by schm0e ("we are in the midst of a coup.")
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To: Cool Guy
If this downward swing is caused by banks, either they have a liquidity problem and are selling assets to stay liquid or they are selling high.

Banks have over $1.8 trillion in excess reserves.

I don't think they need to sell anything to stay liquid.

61 posted on 06/25/2013 9:21:18 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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