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  • Risk Aversion Sets In.

    In This Issue.

    * Another Risk Off Day.

    * Silver on the downside of its ascent.

    * BOE & ECB meet today.

    * China is doing it again.

    ...
  • China Reduces Treasury Holdings...

    In This Issue..

    * TIC data shows negative flows...

    * Risk is On today...

    * A$ recovers again!

    * German ZEW is disappointing...

    ...
  • Beating Up The Banks...

    In This Issue..

    * Risk is back on!
    * Another plan by the President to punish banks...
    * Foreigners to back away from U.S. assets/ dollars...
    * Eurozone Industrial orders rise 1.6%!

    Good day... And a Happy Friday to one and all! Let's see if we can make it a Fantastico Friday! Of course last Friday will be a tough one to top for a long time, given it was pay-day, a Friday, the start of a 3-day weekend, and the temperature went above freezing! But, today is a Friday, so I'll do my best to make it a Fantastico Friday! It will be difficult while I'm writing today though, because, our Gov't just keeps shooting themselves in the foot, and it just ticks me off that they don't say, 'hey, I/we caused this, and we'll fix it', instead opting to find someone to blame, or 'deflect' the problem... I'll explain as we go along today...

    Well... Front and Center this morning, we saw the Risk Aversion that had held a tight grip on the currencies and commodities for about a week, fade a bit as the day went on yesterday, and the dollar selling has carried through the overnight and morning sessions overseas... What caused this 'turn-around?' I hear you asking... Ahhh grasshopper, come sit, and put away the sharp objects!

    ...