Good day… Should be an interesting week, as the ECOFIN people meet and Greece is still working on their debt and… this will be my first full week of work in over a month, so all in all, pretty interesting!
What I also found interesting on Friday was the price action of silver… I don’t know if you follow silver or not… I do — very closely, I might add! But silver was outperforming gold by a long shot, rising over $1 on the day, which you don’t normally see in the silver price action. My colleague Aaron yelled over the desk to ask me what was going on with silver, as he too watches it closely… I couldn’t really find anything out there, so the thought came to me very quickly that silver must be playing “catch-up”…
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Who’s Still OK With Deficit Spending Now?
I had to laugh yesterday when the New York traders came in and didn’t sell the currencies right away… I said to myself, “Self, maybe the ‘big boys’ read the Pfennig and now know that I’ve uncovered their ‘game,’ so they have to lay low for a while!” HA! Whatever the case, the currencies held their gains most of the day, and even added on in some cases.
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