GOLD 0.51% $1,391.7 gold futures

That being said... the dollar will likely make some kind of move...

  1. 679 Posts.
    lightbulb Created with Sketch. 1
    That being said... the dollar will likely make some kind of move based on the press statement. If Yellen appears to be hawkish on rates then the dollar goes up, the economy lags behind hurting jewellery sales and gold as a currency goes down. Of course this would not be complication free as it opens up the doorways to gold as a safehaven should people holding bonds and property begin selling. Logically, this would either be a precursor to inflation or this would create a need for safety free from rates and inflation. With bonds and property being struck down this leaves the almighty dollar and gold. Inflationary forces encourage people to flee to gold.

    Of course there are methods of encouraging people to not flee assets, but the most powerful tool is fiscal policy and that tool is lame at this point in time. Really, this leaves the door open for gold as a safe haven at least until the Republicans sieze power in 2016. That is why I am siding with Clinton. Purely from a financial perspective because a Republican's bag of tricks is unimaginable.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.