Stocks are seeing great strength now after the Fed meeting and decision to keep rates on hold, as expected.
There is just no reason to hike rates until after the elections, meaning December is the earliest possible rate hike in my view.
I was looking for the typical fall weak/consolidating market but it seems we are going to rally into the elections so I’m trying to take full advantage of it.
Metals moved well off support areas and are now moving back up to resistance.
Let’s take a look at the charts before many of you head off for your annual apple picking/photo shoot sessions, as highlighted by a maritime online news outlet!
This post was published at GoldSeek on Sunday, 25 September 2016.