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Here's The Gold Playbook Post FOMC

By InTheMoneyStocks.com (Nicholas Santiago)CommoditiesJul 31, 2019 03:14PM ET
www.investing.com/analysis/heres-the-gold-playbook-post-fomc-200448253
Here's The Gold Playbook Post FOMC
By InTheMoneyStocks.com (Nicholas Santiago)   |  Jul 31, 2019 03:14PM ET
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Precious metals such as gold and silver have been very strong since breaking out in June 2019. As we all know, the major stock indexes rolled over in May, then they reversed course and surged higher after the Federal Reserve backstopped the stock market. Gold, silver and the mining stocks have been a direct beneficiary of the recent central bank's action.

On Wednesday, the FOMC (Federal Open Market Committee) cut the fed funds rate by 25 basis points. That news was already priced in to the market and a dovish Powell should drive gold, silver the gold miners to the upside in the near term. Either way, the precious metals are in play.

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Here's The Gold Playbook Post FOMC
 

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Here's The Gold Playbook Post FOMC

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Comments (4)
shark tank
shark tank Aug 01, 2019 12:39AM ET
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embarrassing article
Stuart McWhirter
Stuart McWhirter Jul 31, 2019 6:27PM ET
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Wow, true genius!
Solomon Lalani
Solomon Jul 31, 2019 5:35PM ET
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What's the play mate?  Of course everyone knows GC will be in play pre and post FOMC!!  But what's the play.  What a clickbait headline!!!
Joseph Loud
Joseph Loud Jul 31, 2019 4:28PM ET
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If Water is hot , beware when washing your hands - Alternatively if water is cold beware when washing your hands ; very strong Precious Resource Analysis.....
 
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