The big markets seem to be expecting another cut in rates, like 1/2 percent and I'm not sure they will get it. There was some disagreement on the emergency 3/4 cut and just maybe there will be a 1/4 or no cut at all. 

Those guys are pretty conservative and if they cut too much inflation will be increasing and US Dollar losing value on world market. I'm not so sure they aren't prepared to let the stock markets take a drop instead and holding firm for now.

That would perhaps lower price of precious metals and while not directly affecting junior exploration companies we'll feel some pain.