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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: elmatador who wrote (50344)5/23/2009 5:08:02 AM
From: Haim R. Branisteanu  Read Replies (1) of 219230
 
My speculation is as follows;

There will be major issuance of new US debt next week and for this there are interested parties to SELL the USD.

They will buy the treasury debt yielding around 3% (TNX at 3.448% )and being short the USD will net them the yield as the currency position is hedged - so they will have a lock on the interest of the US debentures
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