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Pre market is still showing strong openings for Goldies. The...

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radx

1,211 Posts.

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20/12/18

08:23

Post #: 36914427
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Originally posted by radx ↑

US Fed raised interest rates as expected last night and markets responded negatively.

US Treasury Bond prices still went up even with the rate increase...
Has and still continues to be a good investment as economic and inflation data suggests rates wont go much or any higher from here.
Rate cuts or pauses in hikes will see Bond prices go even higher as long as the economic and inflation data continue to support this. (Which is has been)

View attachment 1396307

Gold got smashed down just like almost everything else last night after the Fed raised interest rates again.

I'm still under the believe that the economic and inflation data will continue to deteriorate so today/this morning will probably present a good opportunity to buy into some good Gold producers that have run recently.

View attachment 1396309

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Pre market is still showing strong openings for Goldies.
The flight to safety trade could be stronger than a lower Gold price.
Will be watching and waiting..

XAO Value at posting: 5,650.0
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