5 Working Days Left, Be a Part of the RUSH

dots Posted on September 11, 2007 , filed under Stocks | Print This Post

The countdown is continuing. There are now 5 working days left before an anticipated rate cut by the Fed on September 18th. We may be due for a small breather as the market weighs in the certainty of the rate cut. I expect to see a high degree of volatility in the trading action for PM equities in comparison to spot prices.

Gold managed to stay above $700, silver managed to stay above $12.50 and the USD Index managed to stay under $80 as we exited the overnight Asia market. Hecla Mining Company [[HL]], mentioned in my article below, is now in my price range of $7.50-$7.80.

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