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<p>[QUOTE=&quot;InfleXion, post: 2238498, member: 29012&quot;]PM rices are the same as they were 6 months ago. This is way bigger than PMs. This is commodities at 15 year lows. Glencore is down 80% since its IPO and is on the verge default with another Lehman moment. Mines are being shutdown or sold for pennies on the dollar. China is prohibiting selling in their stock market. The Fed can&#039;t even raise rates 25 basis points. Every single major US equity index is negative on the year and has already death crossed. Many emerging markets are down 30-40% on the year. ZIRP effectiveness is waning as velocity is no longer responding. PMs are not the story, they are the narrator. Ignore them at your peril.[/QUOTE]</p><p><br /></p>

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