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<p>[QUOTE=&quot;InfleXion, post: 1265956, member: 29012&quot;]Meanwhile stocks are up and metals are at fresh lows today on the news that banking has gone global, as European banks are getting bailed out by the European Central Bank, the Bank of England, the Swiss National Bank, the Bank of Japan, and the Federal Reserve. Yes, the Federal Reserve is now giving money to Europe. This is huge.&nbsp;&nbsp; </p><p><br /></p><p>This kneejerk reaction (thanks to &#039;risk-on&#039;) shows bearishness for the metals, but the new money creation points to further inflation which is bullish, as well as the reality that banker intervention is increasing in frequency to keep the wheels on the road. Buying opportunity IMO.&nbsp; </p><p><br /></p><p><a href="http://online.wsj.com/article/BT-CO-20110915-709450.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://online.wsj.com/article/BT-CO-20110915-709450.html" rel="nofollow">http://online.wsj.com/article/BT-CO-20110915-709450.html</a> </p><p><br /></p><p>[Edit]</p><p>Here are some other links since the first one requires membership:</p><p><a href="http://www.reuters.com/article/2011/09/15/markets-global-idUSS1E78E0TJ20110915" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.reuters.com/article/2011/09/15/markets-global-idUSS1E78E0TJ20110915" rel="nofollow">http://www.reuters.com/article/2011/09/15/markets-global-idUSS1E78E0TJ20110915</a></p><p><a href="http://news.businessweek.com/article.asp?documentKey=1376-LRJUJF0D9L3601-68KEPGEC6N19VLQLVSSNU0GHVU" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.businessweek.com/article.asp?documentKey=1376-LRJUJF0D9L3601-68KEPGEC6N19VLQLVSSNU0GHVU" rel="nofollow">http://news.businessweek.com/article.asp?documentKey=1376-LRJUJF0D9L3601-68KEPGEC6N19VLQLVSSNU0GHVU</a></p><p><a href="http://www.bloomberg.com/news/2011-09-15/ecb-coordinates-with-federal-reserve-in-lending-dollars-to-euro-area-banks.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/news/2011-09-15/ecb-coordinates-with-federal-reserve-in-lending-dollars-to-euro-area-banks.html" rel="nofollow">http://www.bloomberg.com/news/2011-09-15/ecb-coordinates-with-federal-reserve-in-lending-dollars-to-euro-area-banks.html</a></p><p>[/Edit][/QUOTE]</p><p><br /></p>

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