Gold and Oil set to rise to the skies
The Federal Reserve meets to decide on interest rates next week, but don't expect the kind of wild ride seen in the previous session as the market pauses and limps into the weekend.
Still as seen in the past months cutting the interest rates helped jack for more than 48 hours. There is no question that the USA markets will hit a huge downfall despite the numerous attempts the the Federal Reserve to calm the markets down. There is a problem for more and more Americans to pay out their house mortgage, and that will not halt regardless of the different tools the FED is trying to implement.
That means one thing, in less than 2 weeks time we will see another huge fall in the dollar vs euro, probably closing by to 2$ for each 1€. At the same time oil prices and gold prices will jump as the dollar will fall even more. Watch oil hit 150$ in the next 2 weeks, and watch the gold price blowing through the 1050$ per ounce barrier.
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