OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Looking ahead to tomorrow and the PCE

Posted by Buygold @ 13:40 on March 30, 2023  

Since the PCE is supposedly the piece of eco data that matters most to the Fed. I think the talking heads are expecting it to be lighter than expected, which should spark an everything rally except for the dollar. What’s the downside risk? I guess that would be a hotter inflation number. If so, we probably take a hit and given where the RSI’s (around 70) are on some of our shares and gold, I could see a pretty good smash. I’m feeling like $1950 is going to hold.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.