FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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6
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SHORT
Wow, you're forecasting a sizeable pullback! I can see it if the fed raises rates, then back tracks after it gets messy with some dovish tone.
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bhsencer mattcook
@mattcook, fed starts to give mixed messages about the next rate hike. Whatever the decision it will be good for the wall street. Gold will survive and hopeful shine second half of the year.
Thx
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mattcook bhsencer
@bhsencer, I agree with you...just the expectation of a rate hike is sending deflationary savlos in the emerging markets. Seems like we've been through this a few times. Haha! I think if they do raise rates in June, it would capitulate Gold and Silver and that would be a great entry opportunity as I expect major backtracking afterwards.
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