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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (60811)	6/19/2019 4:23:06 PM
From: Goose94	Read Replies (1) of 203020

Gold: FOMC Statement, gold prices immediately exploded by $10 to a new 14-month high of $1,356.20 per oz! Gold is now only $8.80 per oz away from its most important key breakout point in history of $1,365 per oz! The Fed Funds Futures market is now pricing in a total of 86.5 basis points in Federal Reserve rate cuts over the next 12 months, which is 10 basis points more than yesterday! The last time that the U.S. economy was rapidly headed towards a rate cut cycle and the Fed Funds Futures market began pricing in Fed Rate Cuts over the following 12 months of more than 86.5 basis points was back on September 7, 2007. At that time, gold was trading for $703.20 per oz. Over the following six months, gold exploded higher $301.10 or 42.82% to $1,004.30 per oz. This was gold's largest six month rally of the last 13 years! NIA

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