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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (6679)10/16/2007 12:43:18 PM
From: RonMerks   of 50746
 
I think he cuts. His comments reported on CNBC about the housing market 'worsening' since the first cut- says all that needs to be said. Oil will slow the economy and even though it can be inflationary in the long run, I think in the short run, it will slow the economy and give the Fed more cover to cut rates.

I think the Fed is probably doing what ever they can behind the scenes to keep the dollars decline slow and managed. A fast further correction in the dollar is their biggest worry.

The only thing that will hurt gold and silver stocks in the nearterm is a sharp correction in the DOW. Metal stocks have sold off every time the market has over the last couple of years. But, I think the Fed cuts 1/4 pt and gold and silver immediately pop 10-15% off the news.

My 02 cents.

Ron
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