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Thoughts.
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SeniorCitizen
Posted 3/11/2008 11:39 (#331486 - in reply to #331460)
Subject: Re: Thoughts.


The first priority of the Fed is to ease the credit crunch to return the banks to a position they will again lend....central banks detest speculation ie gold, soybeans, crude oil & etc. Currently, crude is struggling, the dollar has a double bottom, gold is not doing much...stock market is acting so so....school is still out....but, if by the end of this week, the financials have stablized....the Fed will be in a much stronger position. While the ECB did not lower rates...they did participate in this swap. This is a coordinated effort. During the previous 30 days we have not necessarily been watching prices respond to the fundamentals of the grain & oil seeds, we have been also trading the value of the dollar. ...the question now is...will these players leave these markets in search for some other trade? Historically, January price lows in grains and oil seeds are significant benchmarks in regard to March tests of prices. School is still out...
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