Re: Fed cuts target for key rate to record low

Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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BCGREEN01

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Re: Fed cuts target for key rate to record low

in response to

Fed cuts target for key rate to record low

wmn

posted on Dec 16, 2008 10:00AM

I like these statements:

Given how low interest rates are, the central bank said it planned to use a variety of unconventional methods to flood the banking system with credit and drive interest rates lower.

"The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability," the Fed said.

Then Gold is now trading above $854..(noon PST).. THE GOLD BULL NOW WILL CHARGE ... $860 soon and higher... Check out live gold chart below (1 hour span)