The Fed all but promised a cut in September ( with most predicting .05%).
At the Jackson hole conference they changed their mandate to monitoring employment after the Jolts number was revised and abandoned the 2% mandate.
Here is some commentary from one of the channels I follow Hong.
As far as your opinion on the direction on gold I'm more in line with your line of thinking than caps at this stage as I feel its more middle of the road and closer to consensus. I find as lot of the commentators calling for 5000 gold have been wrong more times than they have been right, a broken clock is right twice a day type thing. And we should all know forecasting commodities is really about as useful as pissing in the wind but with the way central banks are going i feel its far more likely to rise than fall in the long run.
Rick rule has some excellent commentary on this if anyone's interested.
Add to My Watchlist
What is My Watchlist?
