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That peak of gold price at 1350 is a mountain top point and the...

  1. Samboy69
    2,060 Posts.
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    22/09/17
    19:57
    Post #: 27406329
    That peak of gold price at 1350 is a mountain top point and the cliff face has dropped away to 1300.
    Best to wait and see as the DXY weakness reversed but should continue with poor US inflation at 1.7% forcing the Fed to stop rate rises now only 40% odds for AUS rate increases by March & only 50% for US rate increases by Feb.

    We may not see rate increases for 6 months and with lowering inflation, the Fed may have to BRING BACK QE!!!
    LOL.
    This will make the gold price rise. deflation is a serious risk now globally as in Japan for a while.

    Watch US inflation, thats the answer. The lower it goes the higher the gold price.
    Last edited by Samboy69: 22/09/17
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    lightbulb Created with Sketch.  Great analysis
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