its been lingering around that 71.3 to 72.3 area with it slightly pulling back. it might or might not. it's break out or break down time come the next day or two i feel. Which way will it be? I havealways noticed that before a fed meeting the markets and the $US become volatile asking the fed to bring deeper cuts to restore confidence. If it happens again we may see a doubletop in the making for gold by next week.
I might be wrong and we may see gold tank as markets are already betting that the fed has no more to cut beyond 2%.
Can someone tell me if i'ts possible to have -tve interest rates in the US. just like japan ?
