tria here is what the banksters are thinking "The upcoming FOMC meeting has been well flagged....Extreme short positioning suggests that the risk of a more dramatic short-covering rally is currently elevated, particularly if a rate hike is accompanied by dovish rhetoric." - UBS Bank, Dec 9, 2015.
now it has been all over the press etc, that rate hikes are bearish for gold , depending on the situation they have been either way. but the specs have increased their shorts, particularly the small specs. bulls begin w/short covering
the dollar/yen chart has a declining bullish wedge -an eye there the same happened w/abenomics their qe went to buy bonds and the banks hoarded the cash, having a deflationary effect if that reverses as raising rates here, the hope is it will create a little inflation. if that happens here then its game on. slowly slowly. how can one create a little inflation?
gold reserves increased in china for the 5th straight consecutive month they bought 670000troy ounces or 20.84 metric tons to 1743.85 tons this steady monthly buying absorbs mine supply of fiz
taking time, but markets take time.
patience grasshopper
dharma
if you dont want to wait, go over to kwn, they will have the parabola any minute