Many reasons are being brought up for the recent down move in precious metals despite the Fed's announcement to up its money printing. Most likely the commercial traders are using the low trading volume to induce some long liquidation.
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Scooped by Graham Jervis onto Commodities, Resource and Freedom |
Many reasons are being brought up for the recent down move in precious metals despite the Fed's announcement to up its money printing. Most likely the commercial traders are using the low trading volume to induce some long liquidation.
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First comes the CACs. Then the forced debt exchange offer. Delete the scoop?
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