RE: Spot Gold right now at $1021.00"If USA cuts interest rates by 75 points , we could really see a breakout of gold and silver prices.
Perfect Storm!."
More likely that they'll do 100 bsps (current market consensus).
In any event, not a pretty site for the US economy (particularly not the banking and investment banking sectors). Money's gonna get tighter; already the rate cuts have not helped because lenders are absorbing it all (plus more) with expanding lending spreads (to cover their losses).