Something Just Snapped At The Comex (Zero Hedge), page-122

The US dollar index (TRENDING UP) and Gold (TRENDING DOWN) had been moving based on an expectation of rates rising in US this year. THURSDAY THURSDAY THURSDAY.

Now buy the rumour sell the fact would suggest the following:

If FED raises rates a tiny bit the market will likely sell US dollar index DOWN and thus GOLD will go UP.

If FED does not raise (as I think will happen check my recent post) US dollar index will go DOWN MUCH LARGER and GOLD will go UP MUCH LARGER

Either way in my mind GOLD GOES UP and DOLLAR INDEX AND EQUTIES ARE GOING DOWN BIG !

JFI