Reuters Points Out Geithner's Comment

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Reuters Points Out Geithner's Comment

in response to

Re: USD tanking...gold and silver jump higher...news?

gwr1

posted on Mar 25, 2009 06:57AM

Reuters jumping on Geithner's comment. Whatever Geithner meant, looks as if the press has one more thing to dissect.

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NEW YORK, March 25 (Reuters) - U.S. stocks extended gains on Wednesday, sending indexes up more than 2 percent, after data showed a surprise rise in sales of newly built U.S. single-family homes in February.

The surge also followed comments by U.S. Treasury Secretary Timothy Geithner that he was "quite open" to China's suggestion of moving toward an SDR-linked currency system.

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