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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (5353)5/22/2007 11:51:33 AM
From: RonMerks  Read Replies (1) of 50293
 
'Amateurs are speculating on anticipated Fed rate cuts and professionals are trading upon expected BOJ rate hikes.'

Interesting observation.

Japan capped and ended the rally last May and a yen-carry shock capped the rally this spring and even sent a wake up call to the Chinese markets.

July meeting would coincide with the elections being over. Could be a long, hot, cruel summer for gold and silver bugs.

Maybe I'll get another whack at Silver in the $10's- low $11's?

Ron
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