Gold: Skis Are On, Time To Choose The Slope – Investing.com
- Date: 17-Jun-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
Gold: Skis Are On, Time To Choose The Slope – Investing.com
Depending on the upcoming FOMC meeting, will need to choose one of the two ways down – the ski trail or the black slope. Which one lies ahead?
In the skiers' vernacular, a ski trail is a very easy way down, with a light gradient at full length. It looks like the late-2012 decline in gold. However, there is also a black slope – a steep and dangerous road on which inexperienced skiers can hurt themselves badly; it's very similar to what happened to gold in 2008 and 2020. While we don't know yet which way we will choose to go down (as we have probably just reached the top), the nearest FOMC event will most likely shove us towards one of them. Let's put our helmets on.
The world is holding its breath for today's comments from the Fed, knowing that one of the approaches would be a game-changer.
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