My son is a bond analyst CFA at Vanguard headquarters in
Malverne PA. he just text me said they expect a 25 basis
point cut be the FED tomorrow and 50 basis point cut overall .
Passing it along see if it happens tomorrow. Picked up GLD calls on
that pullback off the highs and sold 20000 shares of GUSH nice
morning.
yeah if they cut tomorrow tomorrow that would be a surprise.
otherwise I agree with you on gold, should be good for gold for
rest of year if they start cutting again. I could see gold running
up to mid 1500's if it breaks out of this 6 year range
My son is a bond
Posted by RP on 18th of Jun 2019 at 10:18 am
My son is a bond analyst CFA at Vanguard headquarters in Malverne PA. he just text me said they expect a 25 basis point cut be the FED tomorrow and 50 basis point cut overall . Passing it along see if it happens tomorrow. Picked up GLD calls on that pullback off the highs and sold 20000 shares of GUSH nice morning.
yeah if they cut tomorrow
Posted by matt on 18th of Jun 2019 at 10:22 am
yeah if they cut tomorrow tomorrow that would be a surprise.
otherwise I agree with you on gold, should be good for gold for rest of year if they start cutting again. I could see gold running up to mid 1500's if it breaks out of this 6 year range
here's the weekly chart, you
Posted by matt on 18th of Jun 2019 at 10:28 am
here's the weekly chart, you can see that it would have a clear run up to those horizontal lines in the 1500's