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Monday, May 7, 2018

FED Leaves Rates Unchanged - Gold Holds, DOW Falls, Oil Continues Up


The FED leaves rates unchanged after yesterday's FOMC meeting. Jerome Powell left rates as is but caused market confusion as some think that the FED is spooked. Gold held its 1304 level, the DOW continues to show weakness as it compresses downward towards a decision point. Oil continues upwards. Goldman Sachs' workforce is now made up of 9,000 computer engineers, signs of the times to come.