Pretty decent run-up in anticipation on Gold. Inside yesterday's
range here. To speculate, the statement acknowledged that strong
dollar / weak oil-gas produced some positive consumer data. Dollar
bounced on the release from oversold. Gold pulled back. The next
few days will show whether the dollar gets its legs back under
it.
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I don't see why gold
FOMC statement
Posted by tmoney2555 on 29th of Apr 2015 at 02:20 pm
I don't see why gold and GDX would react negatively. I thought that statement said almost exactly what I expected.
that's just FOMC volatility, you
Posted by matt on 29th of Apr 2015 at 02:56 pm
that's just FOMC volatility, you can't over analyze that, anyway notice that it bounced exactly off the 200 SMA on the 5 min
Pretty muted reaction overall relative
Posted by a_l_ on 29th of Apr 2015 at 03:08 pm
Pretty muted reaction overall relative to some we've seen. There may be more on-hold volatility until the next jobs report.
We are approaching weakest time
Posted by rbreese on 29th of Apr 2015 at 02:56 pm
We are approaching weakest time of year for GOLD summer.
Pretty decent run-up in anticipation
Posted by a_l_ on 29th of Apr 2015 at 02:24 pm
Pretty decent run-up in anticipation on Gold. Inside yesterday's range here. To speculate, the statement acknowledged that strong dollar / weak oil-gas produced some positive consumer data. Dollar bounced on the release from oversold. Gold pulled back. The next few days will show whether the dollar gets its legs back under it.