The FED lowered the rate by the big .75% to 2.25, and Gold is down. Go and figure that. The US economy is in trouble, and they only have 2.25% left to play with! The real inflation should begin now, and the safe haven will be... guess what? You guessed it - GOLD.
If IGR has some good news for us on Tuesday, this will help the sp regardless of the short time speculation with the POG. Another bank announces bad figures and the POG will be off again. Will the FED drop the rates by .75% again, then? They are running out of any room to manoeuvre, and yet they are stil calling it a "slow-down", rather than a recession. Well, I do wish the World Economy all the best, but, looking at the facts, I reckon that soon we will start using the R-word.
Cheers, Dratoz
IGR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
