Loading ...Fed come out says prepare for interest rate rise. ? Gold heads down. ? Now the forecast come in including Armstrong, here it goes. If we breach this and that ” Armstrongs 1206″ we’re going down. ? Actually it had room to move lower To 1200 maybe even a little lower than 1200. Once the forecast made they commit to it regardless. Then the global economies react, not just Japan, leaving them little choice but selling off reserves driving the dollar back down and gold back up. Amongst other things. I have a feeling without making predictions this pattern will continue. Only other choices is for other countries to devalue their currency. That didn’t work out so well for China. So then after they sold reserves. So every time Fed comes out keep a eye on reserves and currencies. Interest rates rise reserves get sold? So interest going up unlikely to keep gold down but ” without making forecasts” a buying op. After this rise and we move closer to a Fed announcement just keep your eyes open.
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.