Yellen hints at Rate hike in December

Posted on Posted in Daily Blog Post

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All gold-bugs believe that The Fed has no capacity to hike the interest hike and that is why they keep on talking about new Gold Bull Cycle despite the fact that Gold price has dropped about $80 from the top at 1191.

Gold stocks shown in the GDX charts also drop substantially.

I expect gold stocks to find interim bottom this Friday or next week following the corrective decline of SPX Stocks.

Gold sentiment chart is showing possible more downside. Not the time to buy yet as I have said many times before. However, you must watch out for Cycle Turn which may happen earlier if some policies start to change. I don’t expect that but be proactive and play with positive expectancy and conviction, you can always be on the winning side.

 

Become my members, then you know whether Gold Bull will arrive earlier or not.

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