Oil Drops $2 after Fed Announcement
Apr 30th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsCrude oil prices tumbled today following the announcement by the Federal Reserve on interest rates.
Earlier today the Federal Reserve said it would lower interest rates by a quarter percentage point.
CNN reports: “US light crude for June delivery fell $2.17 cents to settle at $113.46 a barrel on the New York Mercantile Exchange. Just before the central bank’s announcement, oil was 93 cents lower at $114.70 a barrel.
The Fed rate cut is expected to the last for a the moment after the Fed suggested it will watch inflation.
“This seems a good time to mention that you should be selling your house and buying gold with all your money,” says the Mogambo Guru, “and if the kids have to miss a few meals or if they have to sleep in the car because I cannot afford an apartment big enough for all of us but it is perfectly cozy enough for me, that is the price you are willing to pay.”
Advertisement
Located just off the coast of Great Britain is a tiny island with the world's leading "gold-standard" currency. Unlike the plummeting U.S. dollar, this money, the Jersey Note, is fully backed by gold, and will never lose value due to inflation or global chaos. Over the next 18 months, investment expert Peter Schiff expects it to hand investors 70-100% gains... while the dollar sinks further.
So why haven't you heard of this ultra-safe money yet? And how can you convert some of your plunging dollar savings into Jersey notes in about five minutes?
Simply CLICK HERE for the free report...