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Gold stocks leg behind the bullion, which is the bearish sign.

jim366 (金)
If FED sould has no rate cut. The gold and gold stocks would be free drop;

If FED sould has a 0.25% of rate cut, which is likely odd. MM would not be happy because the run-up of gold and gold stocks in past two weeks have already count in. he gold and gold stocks would drop a lot;

If FED sould has a 0.5%% of rate cut (this odd is low), which is already priced in the gold sectors. MM would take profit. The gold and gold stocks would drop as well;

If FED sould has a 0.75%% of rate cut (this odd is almost impossible), which would be supricesd. Only in this case, the gold and gold stocks would go up a huge.

This is what is happening in the gold stocks
(#5697@43)
2007-9-18
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