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Message: THE DAY AFTER FEDS 50 BASIS POINT CUT

THE DAY AFTER FEDS 50 BASIS POINT CUT

posted on Jan 31, 2008 05:20AM

AFTER A ROUGH START HUI IS NOW TRENDING UP AGAIN AND IS STILL BOUNCING WITHEN A RELATIVILY NARROW RANGE.

 

GOLD AND COPPER FUTURES ARE OFF OF THEIR LOWS FOR THE DAY AND ARE ALSO TRENDING UP.

 

SHARE PRICE HAS ALSO RECOVERED SOME FROM ITS LOWS

 

WITH THE DOLLAR DOWN AGAINST THE YEN AND EURO THE PRICE OF GOLD WOULD STILL SEEM TO HAVE AN UPWARD BIAS.

 

RINK

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