Bada-Boom, Bada- Bing; Fed Fuels Fire | The Gold Forecast

Bada-Boom, Bada- Bing; Fed Fuels Fire

June 19, 2019 - 6:41pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Maintain Long gold @ $1339.10 (current $1363)
 
Yesterday we sent out a TRADE ALERT Move stop from 1333.13 to $1341.13 (low today was $1344.00) *
 
*We will move stop up in 48 hours
Gold Market Forecast

The FomC meeting ended today, and as expected they left interest rates un changed. However a new word add to their commentary srnt gold higher. The report today will look at out current trade, stop and price target to exit.

Sentiment Indicator:
Gold -> Bullish
Silver -> Bullish
S&P 500 -> Neutral
Bitcoin -> Bullish
Bitcoin fundamentals by Joseph M. Wagner II:

The effect of numerous alt coins and tokens being delisted on various United States accessible exchanges. For people in the United States Bittrex and alt coin centered exchange that is well known and regulated will delist as of now 32 cryptocurrencies many of which are not well known. For people internationally though they will still be available through Bittrex International after the final deadline of June 28. This Seattle based exchange is not the only West Coast crypto giant that is removing less desired and riskier coins and tokens from their US based clients. Binance the original “San Francisco treat” is also in the process of creating a better regulated and more secure exchange exclusively for use within the United States, and in suit with Bittrex and many more have been wrapping up the launch of their European and Asian counterparts. But all over the world exchanges are delisting struggling altcoins, some international examples include Kucoin and Huobi are also removing digital coins especially tokens based on the low liquidity frequent security breaches and the possibility of bankruptcy or liquidation.

This has given the top 10 or 20 altcoins a shot in the arm and many are showing respectable gains when compared to Bitcoin itself. Some notable alt coins that have rallied on the news that they would be offered on all if not most future exchanges one such digital asset jumping on this news is Zcoin (XZC) moving up over 6% so far on the day and hasn’t lost momentum as of writing this. Litecoin (LTC), Monero (XMR) and Binance coin (BNB) are all showing an approximate 3% price advance on the day. But we all know one day does not make a market and with undisputed champion of the new up-and-coming digital asset class Bitcoin (BTC) is showing no change or fractional changes on most cash exchanges while in futures continuous contracts on the CME are trading up $70 or .77% , exactly  where yesterday’s close occurred at$ 9,175. One technical indication that the rally is far from over is volume levels a tad higher than yesterday’s but are controlled by the Bulls unlike yesterday’s market.