Gold +17% - BTC -21%
- Gold is up 17% since March 15th
- BTC is Down 21% since March 15th
- Who is King ?
- Shows everyone jumping out buying Gold
- No One wants to be the last one Holding an Empty Bag of BTC
- Fed is Dropping Rates Powell has said so himself
- Some may be baked in by the time we get there.
- Date: Sept 18th
- "With inflation cooling toward its 2 percent target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high"
- "Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024: Reuters poll"
- "After its meeting next week, the Fed will deliver two more 25-basis-point rate cuts this year - in November and December - according to 65 of 95 economists"
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.