Gold and Oil set to rise to the skies

[italkcash]

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.

[italkcash]

As we all know the prices for Gold and Oil dropped heavily last week as investors sold off commodities in order to gain some cash. Right now its again status quo for next week, where we will see how the US dollar will react to the FED cut in interest rate as well as we will again see how the markets will react toward this.
One thing is for sure, if the markets go down again, the dollars drops and commodities once again rise we are in for a ride of problems in the world as it would look like a definite crash in the current financial system.

[bluechip]

Gold has been showing a very strong and violent bearish trend which started at the peak price of 1026.00 and bottomed at 909.00. The 4 hour chart is starting to show fresh bullish momentum, and the cross on the daily slow stochastic directly indicates a bullish corrective move. This could be a great opportunity for forex traders to be on the buy side again, at a very low entry price.