Curious to see Musk audit Ft.Knox results.

[Jester-ND]

Heard Musk going to do an Audit of Ft. Knox contents. Curious as to how this could affect Gold prices. any predictions?

[Inor]

It depends on your timeline. In the short term (a couple hours to a couple weeks), it could send them crazy up or crazy down. Beyond that, it will have very little, if any, impact.

I will be watching the 1 hour charts closely to see which direction they go once Musk and company start the whole process, then play the futures markets on the swing. If gold goes crazy up, I'll watch the charts and when it tops out, I'll short it using futures and ride the market down. If they send the price down, I'll do the same thing but play the futures up. (I.E. I don't care which way they move it, as long as they move it.)