Wheels Group Inc GRFJF

RE: What to do?

[shortUSA2]

Tomorrow will be key.  The US has watched the other markets undergo a semi crash after being very oversold already.   The PPT will be active tomorrow but they could be overwhelmed as every US investor knows that tomorrow is a guaranteed down day in New York.   Could be stop loss city tomorrow. I wouldn't be surprised if things got out of hand.   What is most concerning is that a 50 basis point cut is already priced into the markets and they are still tanking.   I do not see a sustainable rally coming if the cut is only 50 points.   It might take a full point to restore confidence in the markets.   What the fed does with rates will also be key for gold.  Upside in the near term could be limited if the cut is only 50 as it could actually be dollar supportive given that 50 points would be the low end of what's expected..  Gold needs to hold above 850 where it broke out otherwise it could be a longer correction than we'd like to see.   Longer term its all good.   The fundamentals are with gold and against the US dollar (all paper currencies actually)   However,  I am getting a little tired of these short term setbacks.