DislikedKeep in mind story on Reuters on friday that it is not out of the question for ECB / BOE to cut rates as well as Fed. Money crunch is being felt on continent too.
Its all Soros's Jr fault. Where is he?Ignored
http://www.bloomberg.com/apps/news?p...modity_futures
Higher interest rates make holding gold less attractive because the metal has no fixed returns, unlike bonds. The Fed has kept rates unchanged since June 2006.
me think...
Lowering interest rates means u have to go long now, and when they lower them u should short it, since the gold is trading versus dolar...and it may act opose...
+
Traders are raising bets the Fed will cut interest rates in an emergency meeting as early as next week, according to Merrill Lynch & Co. Traders project a 27 percent chance, up from zero a month ago, that the overnight lending rate of 5.25 percent will decline to 4.75 percent next month.
me think....
they should lower them, since they are 2 high, but the debt is so huge they should raise them all the way to 7+...but they need those voters so badly...so 5.0 would do just fine....
its just money