CPM Trade Signal - October 31, 2022
Be the first to know when a new trade signal is out! Click here to sign up for e-mail notifications. Recommendation: Stand AsideInitial Timeframe: 31 October 2022 to 4 November 2022
A clearer price direction is likely post that meeting. The Fed is expected to increase interest rates by another 75 basis points at its November meeting. Markets will be looking for clues on what the Fed will do at its December and January meetings: Whether the Fed will keep at the current pace of tightening or slowdown its rate of tightening interest rates. The latter is more likely.
CPM has one-month, three-month ranges and eight-quarter quarterly price projections with greater discussion of the factors behind CPM’s analyses provided in CPM’s monthly subscription service, the Precious Metals Advisory.
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