Lots of rate decisions all at once and everyone is now saying we are headed for a worldwide recession. Now the Fed members are going to be talking throughout the day.
Gold looks like it is moving into its first daily cycle low and odds are very good that it will not drop below the low $1,600s lows. Gold is breaking its trendline which indicates...
We have still a huge gap until the 200 day moving average, near 97.39 on the USDX. Gold is now in a strongly trending environment. $1,900 is my final indication that...
Wild swings, 1K swings in the DOW left and right. The markets look like they want to still rally but we will need to see what Powell says today. Gold is hitting a brick wall at the upper Bollinger band..
Both charts look fabulous and both have price targets of about $2000, but in one scenario (the first chart) gold moves up from “about here”, and in the other there’s a pullback to the $1700-$1680 zone first.
The world’s second-largest consumer of the precious metal, almost all of which is purchased from abroad, has asked the Finance Ministry to consider reducing the tariff to about 10% from 12.5%...
Of course there will be a huge battle here. There will be corrections along a generally trending, climbing price action. This is an environment where you can make a lot of money.
