this weeek may have reactionary moves, I will give you that. However, the fed could cut allthe way to zero and it willnot save the derivatives crisis that promises to wipe trillions from banks and financial institutions. The recession has already began, do not listen to the spinsters on CNBC. It will be fought hard with liquidity which is why your uraniums, golds, silvers , oils and a few more will boom.
With all the financial stocks reporting 3rd quarter reasults this week,it should prove interesting.Will a rate cut make the subprime problem go away or the commerical paper markets suddenly better,not necessarily.The problems are so large they have went global.Butt the Fed will wave it's magic wand for a 25-50 pt cut and it will all disappear right.I look to the 2nd week after the cut to see if the problems vanish,or what the next plan of attack may be.Or just maybe,they need a big time perfectly timed deversion to take all attention away from the real economy threat.If this happens then I know its bigger then mo$t know.Gold is sure looking good! http://www.telegraph.co.uk/news/main.jhtml;jsessionid=CPFYZBFBTHWXVQFIQMGCFFOAVCBQUIV0?xml=/news/2007/09/16/wiran116.xml
The *behind the scenes* action of the Israeli Air strikes in Syrian territory, which led (I'm told) to complete destruction of some North Korean Nuclear stuff & of advanced missile batteries sold by Russia, is a likely behind-the-scenes cause for oil & gold rising. Apparently this was an Iranian funded & supplied installation that was part of the destruction.
DEBKA has a partial story here, other sources have more, NY Times, etc.
Let's hear it for Israeli F15I's! The Pantsyr-S1E missiles, that Damascus purchased from Russia to repel air assailants, failed again, as is becoming usual!