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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (92856)	10/31/2007 2:31:45 PM
From: Fiscally Conservative	Respond to of 206184

Wannnnnnnnnna bet that bet right knowing full well in advance.

To: Salt'n'Peppa who wrote (92856)	10/31/2007 2:48:56 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 206184

Oh, they're clued. Just do the opposite of what they advise, and you'll be doing what they are doing (ie, trading against their clients). So easy a caveman could do it!

To: Salt'n'Peppa who wrote (92856)	10/31/2007 3:28:21 PM
From: GaAs52	Respond to of 206184

Fed statement vs Fed Cut: The major indices gave back all their pre-FOMC decision gains. Is this a knee-jerk reaction to sell-the-news or there was sth in the statement? I think with the statement Fed took back the cut they just gave: FOMC said that "with this policy action upside risks to inflation roughly balance the downside risks to growth". They are now clear cut that no more rate cuts (unless the economy tanks). There was also an acknowledgment that recent increases in energy and commodity prices may put renewed upward pressure on inflation. More importantly, today's vote wasn't unanimous. Kansas City Fed President Hoenig dissented, preferring no change in the fed funds rate. This FED has a history of talking hawkish and acting dovish. However this FOMC statement puts gives them a guard against any rate-cut inducement by the market.