Stocks And Precious Metals Charts - And Away We Go - Rate Cuts, Trade Talks, And An Option Expiration

The rest of this week and some of the next should be rather exciting, and volatile in the markets.

Tomorrow we have the much anticipated FOMC decision. 

I tend to doubt that they will actually give the markets a rate cut tomorrow. 

It is possible but not probable. And an actual cut might spook the markets.

Rather it is more likely we will see some sort of verbiage like the ECB's Draghi gave the markets about being willing to feed them the rate cut sugar they crave. 

This was enough to ignite the US risk markets today.

In addition, there were some 'encouraging' words about the G20 meeting and China trade talks. That really put a spark under bully.

The actual G20 meeting in Osaka is not until late next week, so there will be little more than speculative leaks until then perhaps.

The scenarios for the resolution of these big macro events is in a nice little chart right below.

Today was a taste of number 2.

As a reminder, there is also a stock option expiration on Friday.

I have been thinking of various ways of playing this, other than having a gold long trading position I have had for some time since the price in dollars turned up.

Have a pleasant evening.

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