Joe, maybe I've spent too much time over at GIM (now where did I put that tin hat), but I think we are seeing the PPT at work this afternoon. They've been talking all day long on Bloomberg about an expected 1pt cut. A 3/4pt had to have already been priced in IMO, but now we see the market taking off with gold and gold stocks dipping? Nah, I'm not buying that the market was this excited about a 3/4 cut.
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Ha! Joe, I just noticed you linked my band's page! Thanks. Hope you like it.
So, 1pt cut this week. Market's having a heyday. Back up de truck because this isn't going to last.
Buy UYG and DGP?
Joe, maybe I've spent too much time over at GIM (now where did I put that tin hat), but I think we are seeing the PPT at work this afternoon. They've been talking all day long on Bloomberg about an expected 1pt cut. A 3/4pt had to have already been priced in IMO, but now we see the market taking off with gold and gold stocks dipping? Nah, I'm not buying that the market was this excited about a 3/4 cut.
Whoops! Not UYG, SKF instead. Market should resume down hill ride.
Still tired from the marathon weekend....
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