Wednesday, September 14, 2005

Market dislocation in US Treasury bonds

U.S. Treasury Sees `Market Dislocation' in 2012 Notes

If an interest rate sensitive derivative nuetron bomb goes off, gold and silver prices should explode upwards. It is hard to see how tie wire and chicken fencing can continue to hold up the appearance of a healthy US economy.

Also, tomorrow is when Greenspan has a special meeting with the 14 largest credit derivatives players in the US.

"Gold’s honesty is derived from the fact that it is an asset free of debt acting as a measure of value, a storehouse of value with universal acceptability as a medium of exchange. " - Anonymous

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