Also on Wednesday, some dealers also tied part of the bond's declines to talk that a number of
customers had trouble with their gold accounts and were forced to liquidate other positions, mainly
Treasuries. Those rumors were unconfirmed.
``The rise in gold in the last few days has put a shiver in the market,' said Marcello Frustaci, head
government bond trader at Daiwa Securities America, Inc. ``On top of that, the overall weakness
has caused some technical guys to sell,' Frustaci added, referring to traders who rely on schemes
programmed to buy or sell at certain levels, regardless of market sentiment.
``We're at a point now where the market has still not been psychologically damaged or destroyed,'
Frustaci said. ``But if we can't pick it up from here and attempt to do better for the next couple of
days, the next wave will be critical.'
biz.yahoo.com
Me think that no way Clinton and co will go out without Market Crush of historic significance and with entire Universe p..ed at USA, it is a very small jungle..<VBG> |
