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Richard's Remarks

 

From e-mails received, I conclude that about half of my subscribers have not seen the site below, so I'm repeating it, and I particularly want my readers to be aware of the remarkable action in the silver stocks.

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"QE is nothing but a bailout for the banks." Ian McAvity. Russell comment -- Agreed. The Fed is buying up the lousy mortgage-backed securities that the banks bought, and Ian is absolutely right.

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We saw the Transportation Average crash over 100 points last week, and then the Transports came back as though nothing had happened. Strangely, in the face of the Transport collapse, the Industrial Average did nothing. In fact the Industrials actually rallied into the close. So what are we to make of all these strange moves? At the moment, I can't say that I can make anything definite out of the recent highjinks of the Averages. But I do note that volume ... Log in or subscribe to continue reading.


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