The Stimulus saga
Congress has been trying to pass a second round of stimulus since October. Every time, policymakers say optimistically that a deal is done (gold bounces back), and every time negotiations collapse (gold collapses). Will this time be different? I’m not sure, but the dollar acts like a bill will pass.
Precious metals markets are incredibly volatile and heavily manipulated. One moment the prices skyrocket, a few hours later – the prices collapse and vice versa. It happens over and over again. This is why it is important to have evasion levels.
It is difficult to say what will happen over the next few days, but I will update members every step of the way. Plus, the days after a Fed meeting are often tricky and filled with volatility, so be careful.
Note – We have issued a long trade from Gap Strategy in GDX to Premium Members when it opens today.
AG Thorson is a licensed CMT and technical analysis expert. He thinks we are in the final stages of a global debt super-cycle. For more information, please visit here.