State of the Economy

February 27, 2018 - 6:12pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Monday we sent out a Trade Alert to: Buy April Gold @ market & Place your stop @ $1315
Today our stop was hit
Long @ 1334 Out @ 1315, for a loss of $19 ($1900 per comex contract)
Gold Market Forecast

The statment that shook the financial markets today was that Fed Chairman Powell's economic outlook has changed from his outlook in December. There by raising the likelihood of 4 rate hikes this year. This changes the outlook for the Feds current monetary policy to less accommodative with more rate hikes the previously factored into market prices.

Sentiment Indicator: