Tug-of-War: FED vs GOLD

Great expectations must often be lowered.

Got in and out fast near the bottom Thursday.  The very low price beckoned, but again, the best approach is always to bet after the race is over!  In this case that means after the three FED governors spill their beans at lunch today.

Searching for a bottom here.  Two old rules still apply:  1. Don’t fight the FED, and 2. Don’t fight the Trend.

More to come (it’s now 11:30am-et). – Update: Youtube briefing.

Happy Trades to You!

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