RE:RE:RE:Brutal
I really hope TGZ isn't going back to .80s. Settled a buy order at 0.96 to get back my third I sold at 1.07, but it hasn't been served anymore. Probably we've already seen the bottom of the correction today.
Neither do I see a real probability that there will be more than one more hike this year nor any reason why a higher USD should impact gold price mid and long term in this and any monetary situation.
Going much further, it wouldn't be a big surprise to me if Comex went default on physical delivery, followed by limit up in gold and silver prices, banks defaulting on derivative bubble bursting and some more stuff one usually don't even want to consider in his imaginations - and this all could potentially happen before elections.
Just my thoughts