The Fed wrapped up its policy meeting yesterday.
As expected, they didn’t change the interest rates.
However, the Fed said they are ready to cut the rates if the trade war intensifies.
The market was happy with the news. And continued its rally.
The volatility (VIX) declined and we are right back on track.
I’m not chasing stocks higher here but I’m also not going short.
It’s very likely that the market will make a run at its all-time high.
Now, let’s talk about gold.
Gold is soaring. It broke through its resistance (1,360).
It was an impressive move… almost 30 points.
I’m on the sidelines. Watching. And waiting for the right opportunity.
Stay tuned… a big trade is coming (very soon).