Help! I'm Falling And Can't Get Up
The new cry for metals is “Help!I have fallen and can’t get up.” Across the board, metals are taking a beatingand need the alert button as they call for help. Gold, copper and silver areall at the bottom end of trading ranges and could be in danger of breaking downhere as we wait for Wednesday’s Fed decision.
Interestingly enough, thesuppression of the dollar by the Fed and central banks around the world havenot helped the metals, indicating there may be more problems than we can see onthe surface. A weak dollar should be bullish for the metals, but both are onnear-term lows.
Wednesday’s Fed decision shouldgo a long way in deciding what’s next for the metals. In its history, the Fedhas never made the correct decision when policymakers are trying to exit themess they made. This time won’t be different, and you can bet on a mess.History continues to repeat itself and the Fed continues to be clueless
Contributing tokitco.com
Follow @Bubba_Trading
Bubba@bubbatrading.com www.bubbatrading.com/ Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.