Four possible scenarios at December FOMC meeting

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leon1998

Member
1. Banksters are NET LONG on gold futures contracts; AND no rate hike
Gold spot will rise, reason: easy money policy continues :)

2. Banksters are NET LONG on gold futures contracts; AND rate hike !!!
Gold spot will rise, reason: the event was priced in. :P

3. Banksters are NET SHORT on gold futures contracts; AND no rate hike
Gold spot will fall, reason: possible rate hike on next meeting :D

4. Banksters are NET SHORT on gold futures contracts; AND rate hike !!!
Gold spot will fall, reason: US dollar strengthens :lol:

Since Banksters are NET LONG gold now, I vote for #2, how are about you :P
 
So, basically, rate hike is irrelevant and only banksters position matters.
Yeah, I'm actually with you on this. I think FED might hike, believing that the hike has already been priced in by Wall Street, only to ease again after seeing the negative effects on Main Street. Yellen doesn't like pitchforks.
 
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