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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Alex who wrote (45550)	12/4/1999 6:33:00 AM
From: John Hunt	Read Replies (2) of 116779

Commentary: Fed Turns Up the Liquidity << In advance of any possible Y2K-related cash and liquidity threats, Alan Greenspan & Co. are exercising their central bank prerogative to provide the nation with an elastic currency. Since September the Fed has quietly negotiated a series of repurchase transactions designed to inject a massive volume of bank reserve liquidity into the U.S. financial system. Call it a cash insurance policy to underwrite potential Y2K financial emergencies. At last count the Fed has injected roughly $46 billion of cash through so-called "tri-party repurchase agreements" arranged with third-party custodial banks. This is over and beyond the Fed's normal repurchase program for their own System Account or for customer purposes. >> ... cont'd at ... cnbc.com Nothing like an exponential curve to brighten a Saturday morning. :-))

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