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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (6966)11/9/2007 1:57:28 PM
From: Archie Meeties  Respond to of 50383
 
If oil demand slacks off and prices stabilize or fall, that could free up the fed for more cuts. If energy continues to rise then inflationary pressures will be seen.

Both situations good for gold.

The only scenario not good for gold is a major reversal in the dollar. With Paulson and China competeting to see how far they can talk the dollar down, I don't think that's in the cards. A short term bounce, but nothing sustained.


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