Gold spot thoughts??

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A

AgStacks63

Fly on the Wall
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So i'm dragging my feet over here ahead of Wednesday's FOMC meeting trying to anticipate how low spot will go... Any one want to throw out a prediction? (NOT HOLDING YOU TO IT)
 
I will be surprised if they raise rates.
 
I say it flutters around near where it is right now until the mighty fed speaks. Then, after they don't raise rates, that's when gold and silver dance.
 
I'm a contrarian and betting that Supply/Demand will return/regain control...
There are shortages in the PM space so I think prices will go up. :)

Marc
 
If rates rise, then paper gold has a tantrum and dumps to raise cash to c over margins elsewhere. If rates stay the same at or very near zero, gold and silver are happy and go up.
 
Well the markets were up big this week (buying on the rumor) and if the saying holds true, they'll sell on the news, but then usually when the markets are down, people will often run to metals, among other things. Of course lately, things have been working the opposite of that. So my clear and concise answer is "I don't know!"
 
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