The dollar is up 48
basis points this morning at 75.31 as President Obama is talking with the
Chinese about allowing their currency to float, thereby strengthening the yuan
against the dollar. There is some
profit taking this morning, however the correction is modest with gold down
$4.70 in early trading. Silver is down
$.11. After yesterdays enormous up move
those corrections are miniscule. Oil is
also slightly lower along with the Dow.
With t…
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