Rumor has it... that the fed is thinking of raising rates...

Rumor has it... that the fed is thinking of raising rates shortly lol..
And the market took that rumor and placed it out the window to dry.
The fed is held to ransom by the stock market ...IF it raises rates the markets will sell off 08 style imo or much worse.

Now... what we have is an ominous effect come Monday for our market... CBA as i have mentioned is on the verge of entering a full blown bear market ..70 dollars is its major pivotal point... a break below and 50 comes into play imo...This in turn will send our local banks into a death spiral imo.

The rumor also sent GOLD in USD dollar terms lower BUT AUD gold was up 12 bucks ...
The technical's on GOLD tell me that we are about to begin the next leg higher 1500 usd and plus 2000 AUD respectively. imo.

To conclude and imo DOW 18000 is the number to watch... a breach below and the jaws of death come back into play ...God help us if it does... And i am assuming the FED is watching this number ever so closely.

We await an interest rate cut by years end and the relentless rise of gold. imo.