GOLD TRADING ALERT TODAY again from Sunshine Profits.
posted on
Aug 26, 2016 03:29PM
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“The most important thing about Yellen’s speech today was that… It took place. The investors were anxious, awaiting anything that might send the markets soaring or making them take a dive. What was so terrifying for some, is already said and done. Therefore, the uncertainty is also gone and markets can resume their recent trends. Why? Because Yellen didn’t say anything particularly new. Some might view the speech as hawkish as she said that the case for another interest-rate hike has strengthened in recent months. On the other hand, she also said that the Fed would be ready to lower the rates and provide stimulus (potentially) in case of severe recession......
All in all, nothing really changed except for the pre-speech tensions, which are now gone. With them aside, the trends (…) can continue.”..........
What does it mean? It means that the enormous opportunity that we discussed yesterday (the one that made us open a position bigger than almost all other trading positions in history) is just as available today as it was yesterday - you haven’t missed it. At least not yet - it will probably be still available on Monday (no promises, though)."