Yeah I'm not confident the FED will even rise interest rates in December..
Also going by their recent "Dovish" comments I'm under the impression that we are already in a recession..
It seems a lot of people have completely missed the macro picture here and that 'Peak growth' has already come and gone..
If peak growth has already passed us then so have peak profits, peak share prices and also peak market indexes....
Anyone who is holding out hope for the markets to go up if the FED stop raising interest rates and/or a "Trade War" resolution between the US & China have their priorities skewed and will be sorely disappointed...
Fear is seeping into the market in the way of Gold
Growth is out, Value/Gold is in
USD down, Gold up
Gold - Hourly Chart is setting up for a bull flag formation.
Golds flight to safety has already begun.
DCN, RSG, AMI, SBM are some great Gold producers.
I wrote a post about why I believe Gold producers will be the only Gold stocks to benefit if we head into a market decline.
https://hotcopper.com.au/posts/36248921/single
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 19 November 2018
Yeah I'm not confident the FED will even rise interest rates in...
-
- There are more pages in this discussion • 72 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XAO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,703.1 |
Change
-51.600(0.59%) |
Mkt cap ! n/a |
Open | High | Low |
8,754.7 | 8,757.2 | 8,695.5 |
Featured News
XAO (ASX) Chart |