It appears to me -- and this is purely opinion -- that we are beginning to see a new round of forced liquidations in the financial markets. As evidence of the phenomenon, we are seeing liquidation of gold even in the face of great fear and panic. This suggests liquidations due to necessity rather than expediency! Treasuries are rising very rapidly, however, as investors flee to what they believe is the relative safety of U.S. government debt.Monday, March 2, 2009
Are We Perhaps Seeing a New Round of Mass Liquidations?
It appears to me -- and this is purely opinion -- that we are beginning to see a new round of forced liquidations in the financial markets. As evidence of the phenomenon, we are seeing liquidation of gold even in the face of great fear and panic. This suggests liquidations due to necessity rather than expediency! Treasuries are rising very rapidly, however, as investors flee to what they believe is the relative safety of U.S. government debt.
