Well FED told us beginning Dec, decrease purchases by 15B/month and finish up completely in March IIRC.
Let's see how that is playing out...
I expected to see a plateau forming by now... looks to me like they are full of $hi7.
Tomorrow we hear from them re. rates, wouldn't surprise me if they said they will continue their 120B/month monstrosity ... NDAQ 20% down in a few days just on the news of rates ... FEDS lack of wiggle room is obvious.
Past 2 days trading has seen hand of god bullish hammers on US indicies... hand of FED more like it IMO.
This news wouldn't be good for gold short term, imo a sign of the circus to continue as it has past 2 years and we know how gold has traded during that time.