Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
The week was a wild one with lots of choppy action in the indices as was to be expected as bases build here nicely. We had options expiration this past Friday as well so that usually tends to throw a wrench into things.
In the S&P index it looks like we may have had a breakout Friday and we could be ready for a sweet run of swing trading profits into the end of the year. I’ve been patiently waiting to let great patterns and bases form and they have.
A few have broken out already and many many more are on the verge. Let the good times roll!!
