Get Ready for a Weaker U.S. Dollar... And Stronger Gold | Metals Mine

  • Get Ready for a Weaker U.S. Dollar... And Stronger Gold

    From forbes.com

    Unemployment in the U.S. is at a half-century low and the S&P 500 is trading at near-record highs. Nevertheless, the Federal Reserve today trimmed interest rates for the first time since the financial crisis on stalled manufacturing growth and an anticipated world economic slowdown. The easing cycle may be the catalyst gold needs to outperform the market and retrace its monster bull rally in the 2000s, according to Bloomberg Intelligence strategist Mike McGlone. “Gold prices appear on a similar launchpad as 2001 when the Fed began an easing cycle,” McGlone writes in a note dated July 29. “The greatest bull ... (full story)

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Ill-b-back
Aug 1, 2019 5:19am
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Quoting Deevog
After a Cut no option for North but yes for South doors are open but it taking time to start and this trend for not short time trades for swing traders , this is how it works
It's going north...
Attached Images
Reply
Ill-b-back
Aug 1, 2019 6:09am
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If rate cuts weren't priced in before the event, trading would be simple

and there would be no liquidity fodder for the banks to use....

Reply
Ill-b-back
Aug 1, 2019 7:19am
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Quoting Deevog
{quote} Hope one day you will understand this Banking system
Tell me, what happened to the $ over recent years when the Federal Reserve RAISED RATES?
The $ dropped.

Why?

Because they signalled their intention ahead of time and the rate rise was priced in prior to the event.

Same happening now with this rate cut. It was priced in a month ago.

Hope one day you will understand this market system.....
Reply
Deevog
Aug 1, 2019 9:28am
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Quoting Rakeem
Rate cut was not priced in!
In short time you are not seeing a flash or like you were expected and main fact US China trade war and mostly inverters thinks in this war USA will be winner so they bend on that side but falling of USD process is start now or from next week
This time cut rate doesn't means for internal economy, it means creating a level against China, Europe and Japan by currency
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NotBoris
Aug 1, 2019 11:58pm
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Quoting Ill-b-back
{quote} No. I do however trade longer time frames, so perspectives can differ to other traders
Thanks, I use ABC (Elliot) as a reference too, like you, over a longer time frame.
Reply
NotBoris
Aug 2, 2019 12:13pm
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Quoting Gr8Biz
{quote} You may want to cool down a bit there, buddy! A century is 100 years so half a century is 50 years. The article is correct in this regard. The news may have confused you or took you by surprise, that's OK. Just keep your focus, my friend.

LOL - my fault! Loss count of how to count simple arithmetic......my apologies on this
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Tony112
Jul 31, 2019 6:40pm
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is this for real? I honestly thought this title was a joke but it isn't. Open your charts buddy.
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Ill-b-back
Jul 31, 2019 10:30pm
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And when was the last time the $ dropped after a rate cut announcement?

Not anytime recently....

$ up....
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Ill-b-back
Jul 31, 2019 10:35pm
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$ up to 103 area resistance.
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Ill-b-back
Aug 1, 2019 6:05am
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Stocks down, $ up.

Simple.

Don't say the obvious wasn't pointed out to you.

short the $ at your own peril.......

and read the chart.......
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Ill-b-back
Aug 1, 2019 6:12am
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bears may get a temporary reprieve next week,

before the nightmare continues......
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Ill-b-back
Aug 1, 2019 7:37am
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Ok tben, it just retested the highlighted monthly support in June, then bounced, and is still accelerating north......

Who cares...?

Raise rates and the $ fell...

Cut rates and........
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Ill-b-back
Aug 1, 2019 7:39am
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No one said markets were logical, but being on the right side of the market is important if you want to take money from it.....
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Ill-b-back
Aug 1, 2019 2:21pm
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Quoting NotBoris
{quote} Quick question Ill-b-back - is ABC your main tool for trading entry?
No.

I do however trade longer time frames, so perspectives can differ to other traders
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GoldGrilz
Aug 1, 2019 2:19am
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Going to $1500 this year baby...watch for the pop
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Deevog
Aug 1, 2019 3:01am
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After a Cut no option for North but yes for South doors are open but it taking time to start and this trend for not short time trades for swing traders , this is how it works
Reply
Deevog
Aug 1, 2019 6:32am
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Quoting Ill-b-back
{quote} It's going north... {image} {image}
Hope one day you will understand this Banking system
Reply
Rakeem
Aug 1, 2019 7:30am
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Rate cut was not priced in!
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Maxthetrader
Aug 1, 2019 10:37am
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S&P has retraced all of yesterdays downside spike. 4000 on the way.
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NotBoris
Aug 1, 2019 1:59am
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Half a century - 500years? Declaration of Independence was adopted July 4, 1776 - that's only 243 years ago!!!

Amazed by the used of maths by authors of modern articles......
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NotBoris
Aug 1, 2019 1:33pm
Permalink
Quoting Ill-b-back
{quote} It's going north... {image} {image}
Quick question Ill-b-back - is ABC your main tool for trading entry?
Reply
NotBoris
Aug 2, 2019 1:01am
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The magnet at 1.21 looks to equilibrate just a bit, more downward south to come with Tory majority down to only one. Interesting days for gbp
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Gr8Biz
Aug 1, 2019 4:44am
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Quoting NotBoris
Half a century - 500years? Declaration of Independence was adopted July 4, 1776 - that's only 243 years ago!!! Amazed by the used of maths by authors of modern articles......
You may want to cool down a bit there, buddy! A century is 100 years so half a century is 50 years. The article is correct in this regard.

The news may have confused you or took you by surprise, that's OK. Just keep your focus, my friend.
Reply
Rakeem
Aug 1, 2019 3:45am
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I am prety sure, they boost the dollar for reason! They reach dept limit, with strong dollar they can buy a lot foreign currencies, and when buy enough will let em fall
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Rayh2003
Jul 31, 2019 7:38pm
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man...this news bro...just lost credibility..5 min after this news came out, dolla dolla bill went up up n away..
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edyritz.cand
Jul 31, 2019 8:19pm
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fuck you, fucking news..
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Vijen
Aug 1, 2019 5:37am
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The dollar will weaken surely on this rate cut, significant weakness against Yen and Swiss franc in weeks to come. The new weekly candle will be interesting surely.
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Vijen
Aug 1, 2019 9:23am
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Dollar bears are growling.....
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Vijen
Aug 1, 2019 9:31am
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Look at UJ
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