Rate hikes are fake, but rigging is real! Gold is bearish!

A rate hike is impossible, and one hike won’t do any good!

The Fed released a signal: the Fed will raise rates next week, but raising them just once won’t work.

Even the Fed thinks rate hikes can’t control inflation. This means stop-loss for rate hikes has begun; currently, most people believe there will be at least 3 rate hikes before June next year. If it actually happens next week, the market won’t treat it as a one-off event anymore, but rather the start of “a larger-scale action.”

For $XAU , rising interest rates mean the opportunity cost of holding non-interest-bearing assets increases—an absolutely macro bearish factor that suppresses the market.

The Great Sage’s trading advice: aggressive fans can enter short positions at the current price; more cautious fans can short around 4400.

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