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  • Questioning China... Again!

    In This Issue..

    * Risk Aversion takes over...
    * Gold fails to reach all-time high...
    * Debasing is good?
    * Treasury yields plummet!

    Good day... And a Terrific Tuesday to you! Well, it looks like the hurricane in the Gulf will veer left, and avoid the 'spill area'... So, those guys working in the Gulf finally catch a break! The bias to sell dollars didn't last too long yesterday, about as long as it takes for an Albert Pujols home run to leave the park! This back and forth stuff is really beginning to give me a rash, folks...

    Yesterday, the selling of the currencies and metals began with Gold... The shiny metal had climbed to just above $1,260, but could not go further, and apparently, traders threw in the towel because Gold couldn't go past its all-time high of $1,266... Gold began to sell off and in the blink of an eye, it went from being up $8, to being down $14! OUCH!...