Steve's Place

[DeepBlue1]

Re:Fed Defies Transparency Aim in Refusal to Disclose

It's not surprising that they're trying to keep this info under cover. It's almost certainly much worse than we know so far.

I did see a quick blurb on this very subject on the Keith Olberman show tonight.

I did buy 100 SLV near the eod today after thinking about the Chinese bailout of their market. I figured that if they're going to start focusing on rescuing their own economy that they're not only going to be less likely to continue buying our treasury notes but may in fact use the reserves of USDs that they already have to provide their own liquidity.

The $560 billion dollar injection could come in the form of US Dollars and that COULD signal the beginning of some inflationary pressures.

The market reacted to it early in the day and rallied, and although it ended down for the day I noticed that silver/gold were holding up and staying positive.

This fact and watching the USD struggling around it's current level and failing to make any gains above the 86.50ish level on the DVX index also encouraged me in the purchase of the SLV today a few minutes from the close.