“The Eagle Has Not Landed (In Certain Nests)”
Another day of sideways-to-lower price action was beginning to take shape in certain precious metals as banks continued to siphon US dollars ($50 billion since last week and counting) from the ECB amid the on-going liquidity crunch in Europe. The greenback climbed to 78.68 on the trade-weighted index while gold fell back to the $1,720 area in early Wednesday dealings.
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Certain, Eagle, landed, Nests
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