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Mix-Ansicht- Die FED schläft n i e: et voilà ! - Emerald, 04.12.2003, 07:39
- Danke. Link dazu? (owT) - YooBee, 04.12.2003, 11:18
Die FED schläft n i e: et voilà !
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The Fed added $2.5 Billion in temporary repurchase agreements today, Dec 3rd 2003. This action caused the repo pool to fall to $33.89B but maintained an upwards trajectory for the pool's all-important 30-day moving average. Recall that the Fed seems to operate it's market analysis and intervention via the control of moving averages so the 30-day ma trend is the telling metric. It spells DOW =10,000 by December 31rst so anyone attempting to
short the DOW will have rough sledding.
Even though the DOW's own 30-day ma has leveled off for the last week or so the over-all trend since June is essentially linear so I expect the DOW to quickly regain its former up-slope trajectory.
Bill Buckler, in his excellent newsletter (The Privateer) recently asserted that"all prices are a lie". Today's DOW may be the quintessential example of this assertion.
The repo metric has shown that the Federal Reserve and its chairman cannot tolerate a freely traded major marketplace and the logical extension of this manipulative ideology is more and more manipulation as the natural forces of price discovery disclose each intervention in turn.
It is easy to see that Constitutional limits placed on government will be systematically eroded soon leaving a financial landscape completely controlled by men and not by laws. Geo-politically, this degrading US process is already mature as its neo-imperialism in the petroleum world is given voice by the neocons.
The one uncontrollable force arrayed against the Federal Reserve and its sclerotic central bankers is the heavy metal--gold.
It has never lost a conflict.
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