I infer that you are expecting a correction in oil as well or do you think that they are running in different tracks? If oil and gold consolidate their uptrend would you think that insted of a hike rate we will get more stimulus? thanks!
They runs in different tracks for daily chart. During the consolidation of gold for these days, oil is in a fantastic bull. But for long term time frame oil and gold are both in a bull trend. I agree that we will get more stimulus.
FED has been following the BOE path since the financial crisis. BOE has proved that it can't hike rate, do you think that the FED will try to show that they can and first make a rate and then the boomerang will strike in the middle of FED's face.