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To: Real Man who wrote (363110)3/20/2008 12:08:26 PM
From: stan_hughes  Read Replies (2) | Respond to of 436258
 
The story goes that some macro funds started taking off a lot of their commodity positions in anticipation of a global slowdown, and then stops and the technicals took care of the rest

In a global slowdown scenario the Euro doesn't look so hot and neither does the Yen, rallying the USD. Persistent EuroZone bank insolvency rumors added to that. PMs are collateral damage, but they will recover