Fed just cut discount rate .25% Gold 1020 Silver $21

The FED just lowered the rate another 3/4 basis point

Gold is hanging in there at about $1000. No one knows what is going on in the market so everyone is simply followng the latest rumor. The DOW started UP 200, dropped 100 and shot up another 200. There is no ryme or reason to the changes, simply leming behavior.

 

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Fed cut rate .75 and gold dropped, silver as well took a big hit. I purchased a bag and half this morning and I am not loosing my shirt on it.