FOMC Meeting: What To Do With Gold Now…

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Commodity Trading Research
October FOMC Meeting Done - Now What?
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• Hi, My name is Justin and Im with Commodity
  Trading Research, today were reviewing our
  recently published article

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• October FOMC Meeting Done - Now What?

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• As youre likely aware, the US Federal Reserve
  announced the results of their FOMC meeting
  yesterday afternoon.
• Lets just say the outcome was not what gold
  bulls were hoping for

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• While the Fed kept rates unchanged at 0, they
  deleted some very important language from their
  announcement.
• Let me explain

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• In Septembers FOMC statement this language was
  presentRecent global economic and financial
  developments may restrain economic activity
  somewhat and are likely to put further downward
  pressure on inflation in the near term.

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• That important sentence was erased from the
  October statement released yesterday.

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• Whats the big deal?

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• From my perspective it appears the Fed is
  dropping their excuses for not raising rates. In
  fact, yesterdays policy statement suggested a
  rate raise could come as early as December.

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• While I highly doubt theyll send rates higher
  during the most important retail sales period of
  the year, they could do it soon after. Of course,
  rising interest rates would put a sharp headwind
  in front of the gold market.

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• Judging by metals reaction to yesterdays news,
  gold bulls may have some tough sailing ahead.
• Take a look

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• As you can see, the yellow metal reversed sharply
  lower once investors analyzed the Feds October
  statement. Gold plunged 25 an ounce from the
  intraday high of 1,182 an ounce to close near
  1,156- a bearish reaction indeed.

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• Now, lets back up a minute

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• In recent issues weve been discussing the
  likelihood of a big gold rally. With the yellow
  metal rising to important technical resistancein
  October, there was a distinct possibility of a
  year-end run to higher prices.

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• But thanks to yesterdays Fed meeting, gold bulls
  had that door to higher prices slammed firmly in
  their face. As it sits now, gold bears will
  likely regain market control.

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• In fact, I wouldnt be surprised to see the
  yellow metal drop back to the 1,100 area in
  coming months. Of course, theres always the
  possibility of an extremely bad economic data
  point that will change the Feds outlook.

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• If that happens well have to reassess the
  situation. But until we see such a predicament,
  gold will likely remain in its multi-year
  downtrend.

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• How do you capitalize on this situation?

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• Heres a list of the best ETFs to reap profits
  from gold market moves.

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