Temporary Upside for Gold, Commodities and Equities!

Dear Reader,

The Federal Reserve lowered its forecast for Federal Funds Rate hikes in 2016 to two from four.

This changes some of my assumptions.

I believe global equities have some upside potential in the near term. Commodites should also benefit from the change of stance from the Fed. Oil is on route to reaching my foreacst of 50-60 USD in 2016.
I believe what is happening to gold is a bear market rally, but with all that money printing from central banks all over the world gold could surpass 1350 USD a troy ounce in 2016.

I believe commodity producers stand to benefit the most from this bear market rally in commodities which has some more time to go.

I still beleive EUR/USD could touch parity in 2016, but it will take longer than expected. Emerging market oil stocks should ouperform. Gold miners should outperform in the short term.



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Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!