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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Wowzer who wrote (86044)2/2/2001 12:26:15 PM
From: isopatch  Read Replies (2) of 95453
 
AG in the process of being humbled too:

This is looking more and more like it could be a very hard landing for the economy. Boy was he behind the curve this time!!

But take a look the action AGAIN today from the key trading desk at the New York Federal Reserve Bank. The flood gates are wide open!!

"Fed adds $4.0 bln in reserves via 7-day repos - Reuters Securities - 10:32 am

Fed adds reserves via 7-day, overnight repos - Reuters Securities - 9:39 am

Fed adds $2.0 bln via 28-day fixed system repos - Reuters Securities - 9:15 am

Fed adds reserves via 28-day fixed system repos - Reuters Securities - 8:29 am"

Bet we're going to see a whole lot more days like this. Got to wonder when the $ is going to crack hard from this deluge. My guess is very shortly.

Cheers

Iso
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