Fed Funds Rate Cut to Lowest Level Ever
The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use “all available tools” to combat a severe financial crisis and prolonged recession. The central bank says it reduced the federal funds rate, the interest that banks charge each other, to a range of…
The way gold is trading now has ABSOLUTELY NOTHING TO DO WITH THE ECONOMY. The price of gold is being driven solely by the paper market. At some point there will be trouble with the GLD ETF because its assets are not audited.
The What is correct here. If you are holding gold LONG TERM, buy only physical gold. You can trade GLD but at some point there will be “trouble” in that thing.
Additioanlly, right now, it is a chart of lower highs and lower lows. BEWARE SHORT TERM.
What the actual metal of gold is now hard to come by.And if you want to purchase it is going alot higher than the price of 800 an ounce. I have actual metals but they are getting really hard to get at a good price..
Here ya go!
Manfra Tordella & Brookes Inc of 90 Broad St NYC
http://www.mtbcoins.com/
Walk in with cash, walk out with Metal or Walk in with Metal, Walk out with cash.
Walk in Lodi with Metal, Walk out robbed..
The What
Someday this war is gonna end…
Dave gold will go up depending on the market and economy. If the market comes out of this recession depression scenario and starts growing than gold goes up. If we stay in a low growth economy than gold probably stays in the 700-800 area.. Maybe even a bit lower…
What the actual metal of gold is now hard to come by.And if you want to purchase it is going alot higher than the price of 800 an ounce. I have actual metals but they are getting really hard to get at a good price..
HOBOKENROCKS I hope that you was born in the early 60’s and remember when Reagan took office. If not you are going to get hurt real bad and that’s all I have to say about that…
The What
Someday this war is gonna end…
Word to the wise: If you are going to buy metals, you should only buy physical metals. Not ETF’s or other “Holding” crap but the real thing.
Now look at this chart of Platinum. I had a argument with someone I know and told him it was overvalued! it was around 1800.00 an ounce and to him “No way”. Well lookie here!
http://www.kitco.com/charts/liveplatinum.html
Look at the 1 year chart and look how violent the move downward was! Very very nasty! Be careful don’t be a Madoff, LMMFAO!
The What
Someday this war is gonna end..
Word to the wise: If you are going to buy metals, you should only buy physical metals. Not ETF’s or other “Holding” crap but the real thing.
Now look at this chart of Platinum. I had a argument with someone I know and told him it was overvalued! it was around 1800.00 an ounce and to him “No way”. Well lookie here!
http://www.kitco.com/charts/liveplatinum.html
Look at the 1 year cart and look how violent the move downward was! Very very nasty! Be careful don’t be a Madoff, LMMFAO!
The What
Someday this war is gonna end..
Dave gold has broken its pattern of hitting 700 and bouncing. It went thru the resistance level and if it goes under 700 I would be selling my gld etf but not my physical gold. Though I doubt the retest of 700, but I have been wrong before…. This all depends on how all these moves work to help the market and economy.
volker has not been given the fed position and won’t be given it. The truth is they have to do this and that is why I predicted it months ago. This is what they call a liquidity trap. The fed had to do it to save our financial system. I knew they would print and they are doing it. What , I also wrote they would buy the 10yr and now they have gone public as to doing so. Anyone who knows anything about what we are in would have known this. BTW I actually and truly purchased alot of euro’s on sunday. Nice decision..