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<p>[QUOTE=&quot;InfleXion, post: 1269689, member: 29012&quot;]Based on what I could gather yesterday, the Fed&#039;s &#039;Operation Twist&#039; (selling short term Treasuries and buying longterm Treasuries to flatten the yield curve) is deflationary according to Peter Schiff. So I was expecting a drop, but not quite like this. Maybe something else is going on too, since that was announced earlier in the day yesterday, I&#039;m not sure. I don&#039;t think we can blame it on the Euro because gold is dropping like a rock over there too. I think you are right about &#039;grabbing cash&#039; Jeff which makes sense with the dollar index at recent highs, and people running for the safer haven of the moment (note that there is no longer any limit on FDIC insured cash of $250,000 for non-interest bearing accounts thanks to the Dodd-Frank Act) in light of no QE3 to prop up the bond bubble.[/QUOTE]</p><p><br /></p>

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