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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 06/09/2009 : 16:06:45
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Don't expect any interest rate increases any time soon. The 3-year note auction went well today, bidders volume requested was 2X than were bonds available. If needed, the FED now has the authority to buy the excess slack of offered treasuries.
$USD may continue to weaken, despite any good bond auction. If the dollar index convincingly breaks support at 80, watch your PMs rise in value. |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 06/09/2009 16:11:43 |
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Dollar could take a big hit Wed/Thur 6/10
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