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just to keep everyone updated
treasury secratary paulson let investors know that the days of investment banks and hedge funds using 30:1 leverage is over until some time next year and until then you can keep leveraging. also the fed will provide treasury bills for junk type bonds still labed AAA. paulson announced this on a FRIDAY after the close...(trying to screw some shorts i guess i dunno) , so banks dont have it so hard after all.
financials/ stocks going up and commodities going down is the trade the market is telling us to maneuver into.
gold contracts are rolling over into the next month. i'd like to see gold in the $900 to $800 range. probably a blessing to those that havent caught onto the goldbug wagon.
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