This may be a silly question, but what happens to gold if the FED announce an emergency rate cut in the coming weeks? A cut in rates means the USD weakens and gold moves up, right?
What happened just yesterday? Yields on US debt cratered! As yields continue to drop more and more money is making it's way into the stock market. Stocks went down yesterday for the simple reason that stocks were seriously overbought making a new high after the new high. This is just a natural retracement and wasn't a fear trade. Fear trade would have meant stronger USD, however USD cratered yesterday, so it wasn't any fear trade and pilling into USD by investors.
Now, as the yields crater and more and more money is making it's way into risk on assets like the stocks, then PMs naturally come under pressure.
My belief and Charts for stocks I have been looking at suggest that another rally is coming soon and that this is definitely not over yet for the stock market.
PMs should continue to drop this month to their predestined targets.
As for the emergency rate cut, well that would have an effect on everything, but not as much effect on the PMs as on let's say stocks.
I don't believe an emergency rate cut will be a thing, but anything is possible.
Hopefully, this helped you a little bit.
thats fine, now you must just open a new account, change your nick and you can fish one.more time, but hey, you will be exposed soon 
Im here daily posting trades, analysis and so on, you know why? Becouse Im a trader! And have time to do this
