IMHO -The Fed needs to set the need of a rate cut up with economic data. What better way to do that than come out with a weak jobs report on Friday?
In the meantime they can do a lot of damage to gold by goosing the dollar and rates.
Was hoping $1385 would hold but I guess now $1350 is in the cards.
Who knows how low the shares will go but if I’m right, HUI definitely shouldn’t go below 165.
Caveat….I’m always wrong.