Mixed data is keeping the debate alive over the timing of the Fed’s next interest rate change as gold has chopped sideways but remains above $2,000 per ounce in price.
We can see that the gold has been correcting, but it hasn't even gotten back to the 18-week moving average of closes ($2002.9). As long as prices are over that, I keep a bullish bias. It's a filter.
The average American has no idea the risk they are being routinely subjected to by legions of financial advisers and finance managers operating to the old rules.
Traders will start taking positions for next week's over hyped Federal Reserve meeting. In my view the Federal Reserve will not be direct/clear on March interest rate cut.
