Gold..

Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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red911

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Gold..

posted on Oct 28, 2008 10:59AM

Any thoughts on price of gold tomorrow?... Fed rate cut... 50 bp... $US decline... gold up?

Also... as de-leveraging/unwinding of $US based assets all over the world comes to a close over the next few weeks... demand for $US will decline... gold up?

Double whammy? JMHO. Will be interesting.

P.S. 2 key dates coming up (not for gold but market in general) FYI... October 31 - Year-end for many funds... November 15 - 2008 redemption deadline for many funds... IMO Don't expect much institutional/fund buying until at least after Oct 31. Right now in 'sit on hands' mode waiting for year to close... IMO.