GLD is dropping now at 85.92, yesterday 04/28/08 dropped to a close of 87.69 (-1.86%). How much farther will GLD drop because of this FED CUT. Currently is dropping in anticipation of the FED CUT. From what I understand the weaker the US Dollar the higher GLD goes. So if the dollar gets stronger GLD will fall. If the DOW goes down, GLD generally goes up.
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