Immediately as the Fed started talking, gold started falling. Gold steps out of an uptrend..
I will tell you that we have some major support below us in the market. The lower end of that support is in the 4095-4270SPX region.
FOMC will move markets today.
The bubbles in real estate, the stock market, and the bond market are enormous, but they are dwarfed by the imploding bubble of US fiat currency itself.
The events of Monday? It is crazy. Gold should be at $1,850-$1,860 with all the news that we have..
The Fed and the Bank of Canada (BofC) meet this week. We await interest rate decisions. Could the Fed surprise? Many expect the BofC to hike rates.
The long-awaited rally in Treasury yields is shaking markets and, yet, gold stands aloof, with bullion over $1,800 per ounce.
Bitcoin is AAPL's speculative cousin, the exuberantly irrational side of the bull market. It, too, appears to be in a topping pattern, which I've sketched speculatively as head-and-shoulders formation.
I think metals are going to breakout to the upside. Most retail does not make money because of leverage..
The weekly gold chart could get a classic bullish set-up if the 18-week moving average crosses over the 100 week moving average.