Here is the irony relating to big expectation moments for rate...

Here is the irony relating to big expectation moments for rate increases.

If rates go up then POG has gone up shortly after.
If rates are left on hold then POG has gone up shortly after.
A win win for the POG in the short term at least.

This observation is based on the historical evidence over the last few years relating to these big expectation moments in Fed interest rate movements. So what? Has anything changed, if not then expect POG to get a bump up after that date. Maybe having a persona like Trump as POTUS might be a change? Don't know, but expect not because the big speculators on gold futures that sold down the POG after election night are still sitting on the sidelines all cashed up and waiting. They will come back into the market sooner or later and that will bump up the POG. They can't help themselves because that is the nature of the beast.

Good time to position oneself in goldies due to the recent pullbacks IMHO.

We will see.

Cheers