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August 18, 2010 / Jeb

Treasuries Showing a Gap Reversal, Silver and Gold Is The New Safe Haven

China decreased their holdings in U.S. Treasuries by a record amount in a U.S. government report issued yesterday.   Treasuries at the moment are experiencing a steep rise as the U.S. is financing its staggering debt level by offering its obligations to other countries.  China has historically been the largest holder of U.S. debt as a means of promoting a strong dollar, but the unattractive yield along with reckless government spending seems to be causing the Chinese to rethink the risks and benefits of holding U.S. government bonds.  On one hand, they need to make sure the U.S. currency does not devalue but on the other hand they need to protect….Read the Free Article Here!

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