turns out the FED emergency meeting was fake news... but the 50...

turns out the FED emergency meeting was fake news... but the 50 points cut is probably in and will play out in Sep.. if not earlier. If markets continue to fall like this during the week we will probably see an emergency week and early cut.

anyway, gold performed better than during any other market meltdowns. early margin call smashed it down to around $2365usd and it recovered back to above $2400 during the same session. that is very clear signal, gold is setting up for the new growth faze that will push it higher than $2500usd in the coming weeks/months.