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Message: Fed Rate Hike

Fed Rate Hike

posted on Feb 18, 2010 05:28PM

It's always something. Yesterday it was the IMF sending gold on a rollercoaster ride after hours that took gold below $1100 and back again to $1125 by the close today. Today it's the Fed raising the overnight discount rate .25% to .75% after the close. Looks like a repeat of yesterday with gold swooning back down $15. Gravol anybody?

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