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Fed mins

May 18, 2011

The fed apparently said something about raising interest rates at some point which is taking the wind out of some of the markets. Nothing major, but notable. This hit long end treasuries the most and gold and silver remained pretty strong.

Keep in mind that this is all talk. I don’t think there is a chance in he’ll rates go up with the “recovery” so fragile. It’s clear the housing market is getting beat up and if mortgage rates raise you can kiss any hope of recovery goodbye.

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