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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: dara who wrote (297928)	1/17/2023 12:15:30 AM
From: ralfph	Read Replies (1) \| Respond to of 312463

Gold - is it really overbought? If we look at the recent low it looks overbought but if we look at the gold high set before that, today's gold cost looks about right.

To: dara who wrote (297928)	1/17/2023 8:28:23 AM
From: Pianoman1997	Read Replies (1) \| Respond to of 312463

The next catalyst for GOLD will be the FEDs. Will they hike another time? My guess is they will. Why? Because inflation, while coming down a little, is still quite a bit away from the intended target. Some economic metrics are getting worse but it is still not as bad as it could have been. I see still 1-2 hikes although small ones until they try to keep the status quo and see how things play out. At that point, there will be quite a bit of damage done.