No.I am still waiting for gold to drop below 730 then buy precious metal fund. If I can not catch up gold drop this time, I will buy European. Still waiting. But I think 65%, Fed will hold the interest cut, then Gold will crash from 765 to 725. Then next march, it will break 900$
-it.uncle(路谣.老狼.八成谬);
2007-10-11{278}(#7063@43)
FED has no choice but to keep slashing the interest rates. See you at $850.
-jeffl(I have a dream);
2007-10-11(#7070@43)
i kind of agree with u.
-excell(慢“优”);
2007-10-11(#7073@43)
not really, recently high might be a trap from WS.
-canewbie(CaNewbie);
2007-10-11(#7074@43)
who is WS?
-excell(慢“优”);
2007-10-11(#7076@43)
"o choice but to keep slashing the interest rates" -- really. will cut rate again u mean? so should add more right?. haha:)
-chu.ge(楚格, 海闊天空);
2007-10-11(#7081@43)
No. It is possible a .25 interest RAISE within 6 months ...
-ra95.98(Doom);
2007-10-11(#7092@43)
so u r expecting gold price will be down?
-chu.ge(楚格, 海闊天空);
2007-10-11(#7094@43)
In CAD or in USD? I still believe it will go USD$10,000 per oz. The fate of USD may not be tied with FED rate any more.
-ra95.98(Doom);
2007-10-11(#7095@43)
USD$10,000 per oz??? hahaha. good for u tough! :))))) why u think gold price gotta no tight relationship with fed rate?
-chu.ge(楚格, 海闊天空);
2007-10-11(#7096@43)
But I expect only CAD$3000/oz :) I think, in peaceful solution, sooner or later the US fate is controlled by the owner of the US debt. Say, I borrow $10K CAD from you;if there is no law, you have to call me "Da Ye"
If there is a law, I have to call you "Da Ye"
A good proof is: FED interest goes down with 10yr bond
-ra95.98(Doom);
2007-10-11{158}(#7098@43)