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RE: Weak Retail Sales and CPI Data Drive Precious Metals Higher Ahead of Fed Decision.
I'm thinking the fed will not hike and gold will rocket back above the 6 year down trend. It's right on it now. Another big break out above the downtrend and I think it will lead to a sustained and significant rise in gold.
Not long now to wait and see.
Aussie gold stocks have been strengthening over the past few weeks. Looks like an accumulation phase is well underway. Hopefully the game will soon be up on the manipulation and we get steady progress higher over the next few months.
Agreed. I've noticed some strength in GDXJ too this week, usually a good sign.
If we can just break that down trend it will be all systems go. Take a look at my post from last week:
https://steemit.com/gold/@unclehermit/does-the-break-out-in-gold-signify-the-end-of-the-dollar
I think gold will go up no matter what the FOMC decide to do. We need to keep an eye on the statement and the Fed's economic forecast going forward.
Agreed, but if we get a hold we might just get the sustained breakout we've been waiting all these years for. Mind you, you can just imagine a few billion in naked shorts hitting the market if we do. Lets wait and see.
Ok so they did hike in the end which surprised me. Gold should be interesting the next few days and watch out house prices!