gold, page-42525

GDP numbers coming out 830 am yank time . the US dollar is very very close to a breakout point , so far the the markets have ignored all the negative economic data and have chosen to follow the who im going to call the "pied piper" fed chair Jerome Powell , listening to hes optimistic forecast on the US economy and the fact hes going to raise rates despite the fact that while he was speaking the Atlanta federal reserve took their Q1 GDP number their estimate for 2018 down from 5.4% GDP growth down to 2.6% in only two weeks , yet the market shrugged off the Atlanta federal reserves estimate, go figure ?

gold has been surprisingly strong , now what we need is a mess from those GDP numbers coming out in the morning yank time , if we get a big miss on that number you can bet the markets going to call BS on J.Powell's testimony yesterday .

now the dollar is up and gold is up one of these two are going to win out because they will not trade in tandem for much longer .