FOMC WEDNESDAY DEC 13th – Ready To Go?

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Are you ready? I would have to say that everybody and the markets have been expecting a quarter % rate hike today, so we shouldn't really get any surprises, but let's take a look and prepare for what might be coming our way.  We had Part 1 &2 in Precious Metals, and that showed us A LOT! Now, how do we get ready for what is to come? Let's discuss this next...

 

SPX - The Markets have continued as expected, we'll see how they react to what should be an expected quarter rate hike.  There is a gap down at the 10sma, so that is an area to possibly be aware of.

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Dec 10 Weekend Report

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I think that it is important for this weekend report to FOCUS on the idea of GOLD going on sale, so after a review of the Markets, I am going to have PART 1 of a GOLD SPECIAL REPORT.

 

BANKS - The banks broke out recently, as reported in  recent reports, and after a quick back test, we see the BANKS ( I mentioned JPM, BAC, RF,HBAN, MS, etc ) Moving higher. It is assumed that an interest rate hike is in the books with Wed Fed Mtg.

SPX #1 - We got our back test of the 10sma, likely a 1/2 cycle low.

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