A dec rate hike a near certainty - http://www.cnbc.com/2015/11/19/feds-fischer-on-rate-hike-dont-want-to-surprise.html . When this happens, dollar up and gold down. Nevertheless, still a few numbers to go early next month which could surprise and hold of a rate rise. But stock market been relatively contained with approaching rate rise. In my view, no panic attack is a green light signal to the fed.
Looking to tonight, I expect gold to trade relatively flat. A closing around 1084 should be right on cue. There's not much to look forward to except Draghi speaking tonight. Increased money printing in Europe a near certainty in December. Factored into market. Although the euro may take a small hit, pushing the dollar up and gold down. Or perhaps, a positive report from Japan this afternoon could see the yen higher and euro lower. This could perhaps push the dollar lower, with gold higher.
Bottom line: I'm hoping for a close on gold tonight above 1084. I wouldn't be surprised to see it trade flat. This would complete the 2-3 day rally which I warned about yesterday.
- Forums
- Commodities
- GOLD
- Gold
Gold, page-1702
-
-
- There are more pages in this discussion • 1,935 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online