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Post by jeffolie on Sept 15, 2011 15:09:46 GMT -6
Gold sinks in large part today because the FED avoided a Euro bank and Euro collapse ... 2 very big French banks were downgraded yesterday.
Gold declined in large part today because the castrophe will not happen as long as the FED saves French banks with unlimited amounts of Dollars in the form of 'swap lines'.
Dollar declined .... with unlimited amounts of Dollars in the form of 'swap lines' increasing the SUPPLY OF DOLLARS ... of course the safe haven of gold is less necessary immediately, in the near term by European and other gold buyers.
FED unlimited amounts of Dollars in the form of 'swap lines' removes some of the fear premium in metals with America now starting a double dip economic decline reducing future inflation from wage increase fears.
FED unlimited amounts of Dollars in the form of 'swap lines' ... may happen over and over again ... plus not paid back until the 'swap lines' "extensions" supposedly end ...
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Post by jeffolie on Sept 15, 2011 15:14:41 GMT -6
Ben's "French Kiss"
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