4 August, 2011, 5PM EST , White Plains, NY, USA – Some thoughts on the big selloff today in the United States. Yesterday, the Bank of Japan announced that their export portion of the economy could no longer stand the stress of the rapidly strengthening US Dollar against the Yen.

Sure, the need for liquidity for margin calls factored in to the US selloff today, but it’s amazing how the talking heads of CNBC, that I’m aware of, never mentioned the presumably huge intervention by the Bank of Japan to reverse the Yen against the Dollar. The Yen rose by 2.69% at 4:25 PM today. Can you imagine the huge by-in of US Treasuries and funded by their simultaneous sell off of Gold and Silver ? This put enormous pressure on the Dollar, and accelerated the rapid fall of Gold and Silver, especially around 1PM EST when SLV dropped by $2.00 and GLD by $1.00. Why is it that no one on CNBC made a point of the Japanese news yesterday?  They clearly stated that they had reached their threshold of pain with a strengthening Yen against the Dollar and intended to take action and intervene but “declined to specify how” –  Shame on all the supposed talking head brainpower at CNBC not to provide a note on this in the early morning of the show. Maybe a little discussion early in the morning, premarket, with some insight into the fact that the BOJ may be buying Treasuries and selling Gold and Silver to raise cash to buy the Treasuries, could have helped some investors. This massive BOJ intervention would run up the Dollar and Treasuries and run down Gold and Silver.  Just exactly what professional institutional investor would pay attention to these CNBC analysts anyway with their one day this , one day that stories, and patronizing their guests? Wouldn’t they provide a more valuable service by hiring some real insightful analysts and commentators than continuing on with the bags of wind at the mics now? This BOJ announcement and clear intention to intervene and the market sell off , should have been dots connected by CNBC and other business news media.