Gold achieves forecasted levels

Dale J Pinkert Independent Analyst

Today’s market risk is primarily focused on the BOC rate decision – Actual 0.25% (Forecast 0.25%, Previous 0.25%). Also, Saudi Arabia and the United Arab Emirates have reached an agreement on oil output according to Opec sources.

Today Coach Dale took a victory lap on his short usdjpy and long gold call that went to the forecasted 1830 level. Also, he added that WTI looks like it is building a failing rally which makes the $69 price level a viable target.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

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