Loading ...
Buying the dips,I dont buy out of season ,the risk time is mar 1 to mid May in my opinion ..as we approach Mid May I buy the dips.this year its extremley bullish .In prior years it was profitable to sell March and wait ,for lower prices ,this year its getting more difficult to do that .S o im buying earlier on the dips.
I suspect the Fed and Administration are worried about this years bullishness.Yellin ,Obarmey and Biden are having a Political meeting and if I were expecting a concenssus from them ,it would be this .The Fed wants more ammo to fight any bad economic news ,so she wants another rate hike now !,Obarmey probably agrees that now is better than near the election in November.Biden gives his political opinion and problaby agrees that one more rate hike now leaves time to mitigate before election,so everybody gets what they need.They all know inflation is coming and thats good for gold. Yellin will try a rate hike and PUSH the Dollar down at the same time to avoid a trade problem.Thats not going to be easy !The Data shows a mini recession could happin .,so a “talk down” Dollar is about all they can do…
the question is what about a rate hike ? its a dangerous decision ,but if it happens ,its a one off event ..and its got to happin now if at all ! If they decide a rate hike is too dangerous then a Gold smack down would have to do in MAY ..thats why I keep talking about MID MAY buy time….
see my next post… Ororeef @ 11:36 on April 12, 2016