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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (21172)	11/1/2002 5:27:01 PM
From: longdong_63	Respond to of 36161

Hope so....A Reuters survey of 20 primary dealers that trade directly with the central bank found 19 expect the Fed to cut rates after its policy meeting on Nov. 6. Fourteen are forecasting a modest quarter-percentage-point cut to 1.50 percent, and five others see a more aggressive half-percentage-point move. By the end of the year 17 dealers see the federal funds rate down to 1.25 percent, which would be a fresh four-decade low.

To: Jim Willie CB who wrote (21172)	11/2/2002 5:47:29 AM
From: TheBusDriver	Respond to of 36161

JW, tend to agree. But will not feel comfortable until we breakdown beyond July lows. I just don't trust the people with the strings..... Looked like the big producers rallied the last hour. I had signed off by then thinking another sell off was in the works. Gold really over reacted to the small bounce the dollar made yesterday. Have all the big name traders turned into amateurs? Everyone worried. I like it. Our day is getting very near and I am now beginning to think we have seen the lows in gold for this cycle. You think the same or you think we can test $305? Wayne