With gold falling $40 yesterday traders were presented with the opportunity to make 100% on capital.
Jul 28 Fed Interest rate decision is again to hold at .25% despite inflation storm clouds. On the flip side housing has falling prices so imagine what impact rising rates would have for that market. Stuck between a rock and hard place and in the next few months the bond market might take control and force rates higher which will create fear and worry in the broader economy and with investors. And we all know Gold loves fear and good fundamentals to increase in value. GDP release tonight so hold on to your cowboy hat.
I’ve always said to avoid the media because they only come out when the price is high. For what they are worth you might find some interest in these videos. Me, I’m a technical trader.