yeah the Fed is definitely the spanner in the works here, but I'm thinking of letting it ride. i think regardless of the outcome (rates up or hold) the fed will be more Doveish in their speech than the market is expecting.
Rates are fully baked in here, so anything on the dovish side of expectations should see gold gap up. If that happens there's going to be an almighty short squeeze to accompany it, and we're away for a big run.
If i get it wrong i'll probably burn the gains made in this rebalance trade, but I'm prepared to risk it at this stage for the potential upside.
yeah the Fed is definitely the spanner in the works here, but...
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$2.52 |
Change
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Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.50 | $4.809M | 1.905M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63260 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 48105 | 3 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
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