It appears PIMCO have taken advantage of the latest bounce in...

It appears PIMCO have taken advantage of the latest bounce in the $US to sell some assets. Reuters reported last night that Bill Goss's influential fund have dumped ALL their US treasuries.

http://www.reuters.com/article/2011/03/09/us-pimco-debt-idUSTRE7285M020110309

One would imagine as the markets digest this information tonight that the response will not be a rise in the $US and a fall in silver. In the words of Graham Summers in an emailout today;


---start of quote---

"In case you missed it, a MAJOR development has occurred
in the financial world in the last 48 hours. As usual the
mainstream financial media has completely missed it.

That "development" is the Bond King, Bill Gross, the single
largest bond fund manager in the world has dumped ALL of
his US Treasury holdings.

Bill Gross, with the possible exception of Goldman Sachs,
has the best access to the US Federal Reserve and US Treasury
Department of any investor on the planet. During the 2008 Crisis
it was rumored the Treasury had him on "speed dial.
So for Gross to be dumping ALL of his US Treasury holdings
means that the US debt implosion is about to hit the markets...
which means Treasuries collapsing, interest rates soaring...
and inflation going into hyperdrive."

---end of quote---