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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (106676)12/13/2009 8:11:24 PM
From: TH5 Recommendations  Read Replies (1) | Respond to of 110194
 
Brother SB,

I'm just in a different camp right now.

Looks at little Ben's reverse repos. What are we talking about here? Five or six for a billion or two total (I don't even bother to add up em, as they are just a joke). Relative to the Fed's balance sheet, that is noise. Just static on the 24/7 printing network.

I think the market is smarter and golds the smartest. Gold is not up because of the latest bubble play. Gold is catching up to what must be. There were at least three reasons for the dollar rally last week.

1. Ben was on the hot seat before clowngress and had to show he was the man in charge. A joke, a falsehood, but still a short-term play.

2. The Federal debt ceiling is about to get a rocket boost to provide a full 11 months of buffer so uberassclowns we call congressman can get reelected without having to face another messy, "we need mo' money" vote.

3. Treasuries on the block, and as usual, we get a dollar bump to scare the kittens into bidding. Trouble is, those 30 year old kittens didn't want to play with the yarn last week.

Gold will get wacked up and down, but up is where it is going.

Also, I think the world is getting real sick of the whipsaw from Bennie every time something doesn't go that clowns way.

GT
TH