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stunjamie

11/07/02 7:06 AM

#42871 RE: Ace Hanlon #42869

The UK just left rates unchanged, though a survey of economists thought a 25bp cut most likely after the Fed's move. The ECB I think is very unlikely to cut, as the BoE and the ECB are inclined to move together.

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longdong_63

11/07/02 9:18 AM

#42898 RE: Ace Hanlon #42869

George, I can only day trade gold which the dailies showing overbought here. Call me nervous I guess...LOL! Hard to produce a real big move here without a real big event to kick it above 325-330. Yes, the rate cut was big news but not the kind of driver to pop it over 330. Now the USD could help out on a bear flag breakdown. DROOY is the laggard in the group from yesterday. Nice chart for catchup to the group.