1 Working Day Left, Be a Part of the RUSH

dots Posted on September 17, 2007 , filed under Stocks | Print This Post

Here we are at 1 working day left before a decision by the Fed on whether or not to cut interest rates. Gold is holding above $710, silver is above $12.50 and the USD Index is still below $13. All of these figures are encouraging for precious metals fans. I recommend loading up on PM stocks if you are expecting an interest rate cut. Gold tends to trade against the USD and with an expected interest rate cut, there will be less desire by investors to hold the USD as an interest bearing currency.

Refer to my PM stocks watchlist in earlier posts for my list of recommended picks.

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