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Originally posted by freetree64
Moody's cut Greek bank outlooks, any questions???
Whitman is back at "HP"!!!
US solar industry could collapse.
The unerring belief that powers greater than mere mortals will vanquish the enemy of lack-of-bank-capital this weekend was enough to spur a significant turnaround in European stocks and spreads as they headed towards the close.
This modest dollar weakness is doing very little for PMs - even as Copper and Oil rebound from their week-lows. We suspect the continuing selloff in Gold and Silver is due to the ever louder liquidation/redemption rumors at you-know-who.
All-in-all, it seems like today was a pause day as opposed to a bounce day and much of the apparent strength ion risk assets can be attributed to technicals and rotation by professionals after a chaotic week. We only hope they get what they want over the weekend but suspect they will not.
Originally posted by Agent_USA_Supporter
reply to post by DangerDeath
STOCKS Hold Fasle Hope
Gold down over $100, and Silver down over 15% - someone is liquidating. Rumors vary from very prominent hedge funds to Central European (as in geographically) central banks. Bottom line is, it is a self-fulfilling prophecy at this point and will continue until every last seller is out, and until the margin calls end.