Dow down over 300pts right now, rumors of inter-meeting rate cut from Fed again
Posted February 5th, 2008 by VegasBD
output
CNCB saying another rate cut might come before the Feds next meeintg in march.
weird how gold has gone down $20 last two days tho?
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Maybe
They'll go negative, and we can be paid to take a loan out...
<. /Sarcasm>
Seriously, dunno.. we need to invade someone somewhere soon to put it off a bit, or we're just gonna tank, I guess
What is the Fed going to do after they
cut the rate to zero and even that doesn't work?
Weak hands and strong hands in gold
Those who have weak hands are 'leveraged' in gold so that when the price drops, they have to cover or sell (and of course selling contributes to the price drop in the short term). Those who have strong hands in gold own it outright and are unaffected by short term dips. Like Bill Bonner has said for the last 7 years, sell the stock rallies and buy the gold dips.
A MUST READ - THRILL RIDE, No stopping it!
Ty Andros THRILL RIDE, Part IV at www.goldseek.com - you need to take the 15 minutes to read it or, maybe 12!!! Read it!!!
THE BEST THING THAT CAN HAPPEN!
Although this is serious stuff, it is really the best thing that can happen as it will cause people to sit up and listen to Ron Paul and realize that he has been right all along. Let's hope for all of our sakes that the economy gets worse. Only then will people listen and wake up.
Thanks for posting
The Daily Paul keeping each other informed.
WAKE UP AMERICA!!!!!!!!!!!!!!!
WAKE UP AMERICA!!!!!!!!!!!!!!
KT
When
When the American public finally wake up, they will be waking up from a dream to a nightmare.
banks (central and private) selling ...
banks (central and private) selling emergency gold assets to shore up their accounts - when they sell tons of gold the market price goes down, temporarily.
Gold moves, and dollar prop up
http://finance.yahoo.com/...
Recession IS here--Ron Paul right AGAIN.
Yet nobody seems to pay attention.
Well actually
Even MSM CNN.com is reporting we are now in a recession finally.
What are they gonna do, cut it all the way to zero? Maybe
they'll pay us to borrow money! Unbelievable. Isn't the interest rate supposed to represent the risk of loaning money out? I guess they figure there's not much risk.
Go President Paul!
’In accordance with the principles of double-think it does not matter if the war is not real. For when it is, victory is not possible. The war is not meant to be won, but it is meant to be continuous.’ (George Orwell, 1984)
If the Fed is expecting the
If the Fed is expecting the value of the dollar to decrease... then the risk of lending that dollar decreases as well.
There isn't much risk in lending out money that is already decreasing in value. Ultra low interest is better than nothing at all.
I think this is why the Fed is so willing to cut interest rates again and again.
The rapidly falling fed funds rate
is indicating deflation ahead which is what Japan did starting in the early 90's.
My econ 101 proff ...
taught us interest rates should be composed of three things.
1.) Capital cost = Fed rate
2.) Risk
3.) Inflation
http://www.gata.org/node/...
http://www.gata.org/node/...
Not really, they are
Not really, they are manipulating the price of gold. Keeping it low artifically to keep the mirror in place so that less informed people think that there's nothing wrong.
They can only do it for so long before the smoke clears, and the mirror breaks. When that happens look for gold to go to the moon, and silver to hit the stratosphere.
Where do I get some gold? I thought it was illegal to own . . .
but I could be misinformed. Please correct me if I'm wrong.
Go President Paul!
’In accordance with the principles of double-think it does not matter if the war is not real. For when it is, victory is not possible. The war is not meant to be won, but it is meant to be continuous.’ (George Orwell, 1984)
It's not illegal to own
It's not illegal to own gold, you can get it from a local coin shop, which I recommend. Their spots (price over the cost of gold) is usually lower than what you can get on-line if you factor in shipping cost as well as insurance.
I usually buy a 50:50 ratio of gold and silver. Dollar wise, no way I could do it ounce per ounce as gold is too pricey. Say 500 gold, 500 Silver and so on.
local coin shops perfer cash as an obvious reason, and you can leave without it being traced back to you. Just hold on to it, don't put it into a deposit box. Remember the "golden" rule in ownership
If you don't hold it, you don't own it.
Not that weird that gold is
Not that weird that gold is dipping...it should make a retreat to about 770 before heading through the roof again.