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Ken2

11/10/04 3:52 PM

#320888 RE: PENNYPRINCE 1 #320870

<< now I am loaded for a similar rise in the gold and silver stocks >>

Me, too. Hope we are right! :o)
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Logothetis

11/10/04 4:13 PM

#320898 RE: PENNYPRINCE 1 #320870

Hmmm.... I see the dollar at a bottom here FWIW - at least according to yearly trades. Should retrace to erase at least half of mid-Oct.'s swoon positioning it at 86.50 to 87 going into the new year. Just a prediction of course.
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marketmaven

11/10/04 4:27 PM

#320902 RE: PENNYPRINCE 1 #320870

Prime Rate Up to 6% Mid 2005 IMTO

[NCC] NATIONAL CITY UPS PRIME RATE TO 5% FROM 4.75%
[MTB] M&T BANK RAISES PRIME RATE 0.25 POINTS TO 5%
[$TNX] 10-YEAR TREASURY NOTE -3/32 AT 100 2/32; YIELD 4.24%

Fed funds futures unchanged, see 80% odds for Dec. hike
By Rachel Koning
CHICAGO (CBS.MW) -- Short-term interest-rate futures contracts traded on the Chicago Board of Trade were little changed in the wake of the Federal Reserve's latest quarter-point rate hike and statement. The market is still telegraphing 80 percent odds the U.S. central bank will raise its target lending rate to 2.25 percent at its Dec. 14 meeting, roughly the same odds priced in since a strong October payrolls report. The futures markets see about a 69 percent chance the target moves to 2.50 percent at the Fed's Feb. 2 meeting, the same odds priced in earlier Wednesday. The futures market predicts a pause in March but puts strong odds on another hike after that, bringing the target rate to 2.75 percent by June