FED RATE CUT

[Croaker]

Well here it is a 3/4 rate cut.  This is what we have been waiting for.    It seems the Fed will do whatever it can to get the economy back on the track and rolling again. Now we will hear later down the road about inflation.   Here comes another part of the economy about to show its ugly head. I believe I heard Japan did a rate cut also.

I hope this gives us bump we were looking for. I would love to move my riskiest U's and build up my attack capital.

[Bottomfeeder]

I think there are many important things to consider when looking at the Fed Rate Cuts.  Obviously, it will continue to de-value the dollar, it helps create the bullish gold trend, and of course it is inflationary. 

The last cut also makes 50% of mortgages that are to reset in 2008, refinancable, which in itself will be the catalyst for reaching a broad based market bottom.

But the most important thing for our mineral/mining investments, is that it gives "financials" market traction, and provides an opportunity for them to clean up their balance sheets over the short term (6 months) creating great report cards going forward, which will change investment sentiment, to bullish.

I think one of the great lessons in looking at our loses in '07, was that there was NO CHANCE for our U's to go up amid this financial crisis, because our investments had been on the radar of large investment firms and hedge funds beyond what we all had recognized.

With all that being said, I believe that the 2nd half of the year, led by the financials and tech, will lead all of our metals and mining stocks above '07's highs. 

[richmanch]

I basically agree, bottomfeeder. But there is still some room to explore on the downside. I think next week's cut might only be .25 which will disappoint some people.

I think this is going to just be a typical bear market/ recession. It's normal.