Gold Shakeout - Fed Comments/UD-Dollar - Rally Time
Gold saw a huge shakeout this morning, as the Fed commented, and the move in the US dollar put some extreme pressure on metals.
The funny thing is this move ended almost as fast as it started - and now metals are rallying again.
Why?
The Fed is trying to transition into a more global friendly position - allowing foreign nations to become more competitive with the US Dollar. China recently went ALL IN on a resurgence economy - betting the US Fed is going to move towards more Dovish rate cuts. This bet may be the downfall of China if the Fed changes direction near the end of 2025.
The US dollar is still the biggest, badest currency on the planet. As Gold rises while the US Dollar rises - you are seeing global traders attempt to hedge global risk factors in precious metals while the US Dollar/Economy continues to be the 900lb Gorilla of the world's economies.
Things could get very interesting through the US election. Sit tight - buckle up and prepare for some very big moves in the markets over the next 60-90+ days.
Get some.
The funny thing is this move ended almost as fast as it started - and now metals are rallying again.
Why?
The Fed is trying to transition into a more global friendly position - allowing foreign nations to become more competitive with the US Dollar. China recently went ALL IN on a resurgence economy - betting the US Fed is going to move towards more Dovish rate cuts. This bet may be the downfall of China if the Fed changes direction near the end of 2025.
The US dollar is still the biggest, badest currency on the planet. As Gold rises while the US Dollar rises - you are seeing global traders attempt to hedge global risk factors in precious metals while the US Dollar/Economy continues to be the 900lb Gorilla of the world's economies.
Things could get very interesting through the US election. Sit tight - buckle up and prepare for some very big moves in the markets over the next 60-90+ days.
Get some.
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