The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tommaso who wrote (41338)	8/18/2011 10:31:18 PM
From: carranza2	Read Replies (1) of 71403

This bit of tea leaf reading from zero hedge I think has it exactly right. Look for the Fed to open up swap lines to euro banks over the weekend. zerohedge.com The paltry and unnecessary line to the SNB was the opening shot, the shot across the bow. It was a total and complete mystery to me....now it makes sense. The Fed is rescuing Euro banks in order to preclude contagion here, but perhaps more important, to preclude a bunch of CDS from getting triggered. Look for an announcement Sunday night, before Asian markets open. More important, what effect will the opening of swap lines to Euroland do to gold? I have no idea, but I doubt anything good. I may take some profits tomorrow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next