Smyth: There seems to be an expectation that the end of QE will be bullish for the Dollar and therefore bearish for gold. My view is the end of QE will be bearish for all those asset classes which require QE for life support
Gold has gone down Friday to under $1, 200an ounce and that means it’s reached its lowest point for the past three years. Worse than that: it’s been the worst quarterly performance for gold for 45 years!
The real question is when will the Feral Hogs fix their sights on the WTI market, and take it down to $80 like they have the last two years. My guess now that they have had their fun with the Gold and Silver markets, they will start looking around for their next target.
This a fairly broad topic, and any "rules" would be vague at best, so i'll use recent trading activity as an example. Often markets (and traders) are described as schizophrenic...and perhaps that should even be part of the job description....here's an example why...