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Online Share Trading

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Gold going to run if Us Fed cuts rates !!!!

Reply
GrantRB
Contributor
Are you guys stocking up on gold futures ahead of tomorrows announcement ?
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6 REPLIES 6
Russ
Super Contributor
Everyone expects a rate cut. I think the horse has already bolted.
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Preston
Super Contributor
I would declare that race a "false start". It is back to the starting pens.
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Ega
Super Contributor
Thank goodness you're not an official official, the start seems perfect to me.
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Preston
Super Contributor
Ega, let me guess,you are "punting" the gold shares.
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barry_1
Super Contributor
I see S&P futures have soared at 4.20 ET (bout now).Don't know if thats a fair indicator that rates will be cut and by how much?
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Ega
Super Contributor
Yes Sir, moved most of my portfolio to gld (ETF) and believe it or not DRD over the past 3 months, prior to the sub prime crises.

Considered going into cash, however as gold is the haven for fear, I'm taking the contrarian choice, "Like a moth to a Flame". :)
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