Had to run out for a bit.
I'm basically on hold till tomorrow afternoon. I'll probably book my SKF's this afternoon and call it a day. The reason for be not being into miners is that if we get say only 1/2 point cut, they'll get hammerred tomorrow. I'd rather eliminate any uncertainty and jump on the bandwagon at 2:15. Whichever way we go tomorrow afternoon it'll be a VERY strong move.
1 comment:
Understand. Probably a safe move, and one I might get crushed for.
I expect a .75% cut, and I expect a rally. I am into FCX today at 94.19$, SLW at 18.32$ and I still have my GLD. Hoping to buy GBN back later as well.
I dont see how they CANT cut rates given their current course. The market is just too fragile.
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