FOMC FREAKY FUN DOLLAR DIVE
Well today we kick off another fun day of FOMC speak (NOT) so we must go through a boring action until the specials ones (NOT) give us their interest rate decision and the view of the ecomony, which is allot of BS and we all know it! Sometimes afterward there is some huge volatility both ways, ( I have been threw a few serious roller coaster rides) so sometimes I either play or sit aside, I will know that later. But as of now the futs are up (AGAIN???) and the dollar is slightly up after being pulverized last night AH. I could believe what I saw it went to 75.89 in 1 tick amazing!
I mentioned last night there were talking terroist attack all over CNBC, but what did the futures didn’t move, I mentioned if we really had one we may rally another 200 SPX points.
The Dollar is just getting taken out to the woodshed and beat with all the fever of a MAD SADIST. I really don’t know where it may end, but my opinion is next stop is low 75 area. We hit a new low last night for the year.
With that said I have banged my head to say I was bullish on Gold and short term see 1200, now I know allot of you don’t agree, hey but that’s what makes a market. We were down earlier, but now GOLD is back up this morning. As Austin Powers says ” I LOVE GOOOOOLLLLLDDDDD”
With that said good luck today you guys and let’s rock!