"Dollar dives sharply right after Fed announced to buy up to $300b of long term treasury securities over the next six months to influence interest rates."
Closed out my Sterling/US trade with a big loss. BUT also bought 3 Lots of Gold (right after we maintained 892 support.)
The Feds decision is huge...they can say all they want about how they don't see inflation...but now all the countries' official banks are devaluing their currencies (except New Zealand) and they will suffer. Gold will win.
The Feds decision is huge...they can say all they want about how they don't see inflation...but now all the countries' official banks are devaluing their currencies (except New Zealand) and they will suffer. Gold will win.
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