A little surprised gold is only down a couple of bones.
Today is Fed day, seems to me it is a pretty important day because if they don’t announce some more buying of treasuries (or hint at it), I’d suspect bonds are going to selloff, rates rise and probably everything else will selloff with them – especially tech and pm’s.
The excitement is killing me LOL. Just thought about it, after 20 years of being in pm’s with most of you guys, we’ve probably been through 200 Fed meetings. Maybe 10% of them have had bullish outcomes. Recently, it seems we get sort of bullish moves after the Fed meeting for pm’s, but seen it erased the next day.
Gold is like a box of chocolates….