LAfxtrader

Possible break down or up. TIME WILL TELL

FX_IDC:XAUUSD   GOLD / US DOLLAR
48 0 2
I will consider entering on the breakout in any direction but i believe Yellen will not give us any signs of confidence so that being said price should rise. I'm long gold             for the collapse of our Economy also to protect form hyperinflation
From a fundamental side: As you all know there's an election coming this November. In December 2015 the FED started to increase interest rates for the past 5 years the rate has been close to 0%, if you're smart you know that's a CLEAR SIGN OF OUR ECONOMY SLOWING DOWN.
Right now our commodity, index hit a severe low, the last time this happened was August 2008, when their price slumps it signals a SLOWDOWN KN THE WORLD ECONOMY. Oil             is at 2008 levels! The last time the price of oil             was this low the global financial system had a meltdown, do you know what that means this time? That the US economy will be hit wayyyy harder because of the "shale miracle". Oil             companies are going bankrupt and will continue to go bankrupt if oil             remains this low. Consumption is slowing down and declines by 7% on a year to year basis, US exports of goods decline 10.4% on a year to year basis also. I bet you didn't know 2015 was the worst year for holiday spending since 2008 also! We have very big trouble ahead! Stop listening to bullshit Yellen and all the experts saying " we have a strong economy." " our economy is fundamentally strong." It's all bullshit and you should question everything that comes out of these fraudulent people's mouths!
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