Loading ...The wave of the future.
Go gold.
If the Fed doesn’t cut rates next week knee-jerk selling is definitely possible into PM options expires as the month matures. And with specs record long the derivatives right now the reaction(s) could be brutal. That said, if stocks move back up to the highs on the rate cut premise (which is why PM’s are rallying), they will selloff too, setting the conditions for PM’s to rally post options expiry next Friday.
And maybe the stars align for sustained gains after that…we’re due.
Everything is crossed over here too.
Go gold.
Cheers all.