Tuesday, September 20, 2011

Gold Daily and Silver Weekly Charts - Bear Trap Developing in Gold?



There are high expectations ahead of the Fed's September announcement tomorrow afternoon.

Traders are betting the Fed will cap rates in Operation Twist. There are also even odds that the Fed will cut the rate it pays on bank reserves which it holds. The thinking is that it will give banks more incentive to lend. The downside is the view that if it becomes too close to zero, people will stop

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