The Fed all but promised a cut in September ( with most...

The Fed all but promised a cut in September ( with most predicting .05%).
At the Jackson hole conference they changed their mandate to monitoring employment after the Jolts number was revised and abandoned the 2% mandate.

Here is some commentary from one of the channels I follow Hong.


As far as your opinion on the direction on gold I'm more in line with your line of thinking than caps at this stage as I feel its more middle of the road and closer to consensus. I find as lot of the commentators calling for 5000 gold have been wrong more times than they have been right, a broken clock is right twice a day type thing. And we should all know forecasting commodities is really about as useful as pissing in the wind but with the way central banks are going i feel its far more likely to rise than fall in the long run.

Rick rule has some excellent commentary on this if anyone's interested.