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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (64347)2/23/2001 3:35:25 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 117046
 
George, <<rumors of a Fed cut next week>> IMO the stock market will then sell the announcement. Clear the general stock market decks now.



To: Crimson Ghost who wrote (64347)2/24/2001 1:24:34 AM
From: studdog  Read Replies (2) | Respond to of 117046
 
George:
re : "Markets bouncing on rumors of a Fed cut next week. Gold stocks usually decline when fears of a market meltdown ease"
In this case, an ease by the fed would likely led to dollar weakness as well as increase risk of inflation. Both of these are good for gold. This may explain why HM rose further as the market recovered.