The Fed, that group of 12 that meets every six weeks to scare the life out of everyone, has decided to cut its Fed Funds Rate from 5.33% to 4.83%.
They are behind the curve yet again. The markets have been indicating this for about four weeks.
I believe more cuts are to come.
And talking about Heeding the markets, not the commentators, have a look at this!
This was just before the announcement.
Markets have been indicating at least 50bps for weeks, commentators just 25bps.
Who would heed these commentators?
What a joke.
Bond yields have much further to fall.
Gold
Gold has a nice +US$32 spike!
It almost touched US$2,600.
The is an uptrend in place.
Parabola intact.
Gold Stocks
Gold stocks have rallied to a new near-term high.
Bounced off this uptrend channel and should fly tomorrow!
Head the markets, not the commentators.
| Want to be the first to know about interesting Gold investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
-
Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
For additional disclosures, please click here.
