Well, the Fed raised its short-term rate just as expected and the comments from Yellen and other Fed members were neither hawkish or dovish on rates going forward, a pretty limp verbal response from the Fed as well.
So not much is happening. Gold is indeed weakening, but everything I am watching tells me it’s edging closer to a pretty big bounce.
Stocks are weakening bit, which is as it should be according to my AI models.
The dollar is making a new high but it’s so close to a major pullback it isn’t funny.
Oil, meanwhile, is getting hit pretty hard, which I expected. Miners are largely down, but holding up better than gold is.
So for right now, we continue to sit pat. Our time is coming, of that I am 100 percent confident in. Hold all positions and related protective sell stops.
Best Wishes
Larry
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