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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (11959)	9/25/2008 12:45:09 AM
From: rubbersoul	Read Replies (1) of 50526

Slider, What do you make of this? However, the Fed surprised the currency and gold markets on Sept 24th, by draining $25 billion out of the US banking system, through reverse repos, capping the gold market at $900 /oz, and knocking the Euro lower. What other tricks does the Fed and the “Plunge Protection Team” have up their sleeves, to keep dollar bears and gold bugs off-balance? What contrarian scenario could support the US-dollar in the weeks ahead? financialsense.com Could the Fed have their cake and eat it too? Could they get the bailout plan approved and simultaneously take the wind out of gold's sails by strengthening the dollar? Best, RS

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