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Long Gold and Silver: A Lifeline for Struggling Hedge Funds?

Oops. This just in:

Oct. 6 (Bloomberg) -- The Federal Reserve will double its auctions of cash to banks to as much as $900 billion and is considering further steps to unfreeze short-term lending markets as the credit crunch deepens.

That Term Auctio Facility amount looks like it will need to be increased to $900 Billion.

Chump change.