RE:RE:RE:RE:RE:RE:RE:Chinese comeback on the marketAgree with you odfx ! My point on the skyrocketing gold price if they raise rates is based on economics. Tell me if i'm wrong but a stronger US dollars will kill the exports and create a bigger deficit and we will probably lose jobs. And don't forget that the brexit has been good for both gold and us dollars because gold is also a refugee currency for the world. The technicals are very important but today with the way gold bounces on both sides just based on fed words shows clearly this is more politically oriented than based on fundamentals. We can see it when the fed talk about raising rates, we got huge sell off in the gold. Based on what like you said ?? The market will nerver react positively on a contraction of money given the fact that the earnings on S&P is already down 6 quarter in a row. It's name a recession. Contracting the money in this kind of situation will trigger a crash in the market and a huge transfert of wealth in the gold because it's the only place they will find value. Have a good day ! Join our conversation everyone, always fun to read other opinion !