Not so sure if the ECB will cut rates this time round.....They have been talking tough on inflation(even the US FED had up until recently).......I'll bet they will in a few months time but the feeling I get is that they don't want to be forced to make a cut as they publicly have been stating that "monetary inflation" has been too high.......At least they are honest..........On thursday when they announce they won't be cutting, I'll bet the dollar gets taken to the woodshed and gold should recover substantially......we shall see........imo

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Brian Pretti has some interesting thoughts on the Fed's rate cuts.

http://www.contraryinvestor.com/mo.htm

I'm kind of expecting another attack on gold here. The last time we had a major break-out we got nailed shortly afterwards. That seems to be their style - get everyone long on a spike, then smash them hard in the futures. It's the same old story though - just another buying op.

ebear