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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: Mike M2 who wrote (2516)6/19/2003 2:09:55 PM
From: LLCF  Read Replies (2) of 4905
 
Gold market starting to take notice... from Grant's:

$1 TRILLION CATCH BASIN
As of June 11, the close of the latest banking week, foreign central banks had accumulated $746.6 billion of Treasurys and $188.9 billion of federal agency obligations, e.g., Fannie Maes, Freddie Macs and the Federal Home Loan Banks. The grand total of U.S. government and quasi-U.S. government securities owned by official monetary institu9ons not named "Federal Reserve" was, therefore, $935,5 billion.

You know, Gran'ts is hilarious... there is a cartoon of a family of bears watching a bear in suit and tie on TV and he's saying:

"On Wall Street, it was another stupid day of rampant and indiscriminate speculation, featuring new highs in the same old idiotic, overvalued names."

DAK
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