In today's DR...
Whaddya know… The dollar tanked and gold shot up this morning as soon as the Fed cut interest rates while trying not to appear as if it was doing so.
Which makes Bill Bonner's words in today's DR, penned in France before today's announcement, look mighty prescient: "What’s the matter with gold?…of all the things one might sell to raise cash, gold seems like the last one we’d want to get rid of – especially now."
Bill also has highlights of a recent interview with Marc Faber. Keep an eye out for your Daily Reckoning this afternoon.