{"id":35431,"date":"2016-07-22T09:27:48","date_gmt":"2016-07-22T16:27:48","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=35431"},"modified":"2016-07-21T19:50:43","modified_gmt":"2016-07-22T02:50:43","slug":"gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2016\/07\/22\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\/","title":{"rendered":"Gold Tops Out As Odds of Next Rate Hike Point Again to 2016"},"content":{"rendered":"<p><strong>(This is an excerpt from an article I originally published on Seeking Alpha on July 21, 2016. <a href=\"http:\/\/seekingalpha.com\/article\/3990019-gold-tops-odds-next-rate-hike-point-2016\" target=\"_blank\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>The post-Brexit run-up in the SPDR Gold Shares (GLD) ended today.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_35432\" aria-describedby=\"caption-attachment-35432\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GLD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GLD.png\" alt=\"The SPDR Gold Shares (GLD) enjoyed a week of additional gains after the first post-Brexit gap up. Today&#039;s gap down of 1.4% officially ends that run-up.\" width=\"550\" height=\"375\" class=\"size-full wp-image-35432\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GLD.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GLD-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35432\" class=\"wp-caption-text\">The SPDR Gold Shares (GLD) enjoyed a week of additional gains after the first post-Brexit gap up. Today&#8217;s gap down of 1.4% officially ends that run-up.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/www.freestockcharts.com\/platform\/v1\" target=\"_blank\">FreeStockCharts.com<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>The entire post-Brexit gap could easily fill if current momentum in other gold-related indicators continues. <\/p>\n<p>{snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_35195\" aria-describedby=\"caption-attachment-35195\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160629_30DayFedFundFutures.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160629_30DayFedFundFutures.png\" alt=\"In the wake of Brexit, the odds for the next Fed rate hike went from a very likely December move to nowhere on the horizon...\" width=\"550\" height=\"317\" class=\"size-full wp-image-35195\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160629_30DayFedFundFutures.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160629_30DayFedFundFutures-300x173.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35195\" class=\"wp-caption-text\">In the wake of Brexit, the odds for the next Fed rate hike went from a very likely December move to nowhere on the horizon&#8230;<\/figcaption><\/figure><br \/>\n<figure id=\"attachment_35434\" aria-describedby=\"caption-attachment-35434\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_30DayFedFundFutures.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_30DayFedFundFutures.png\" alt=\"...now, the odds are dramatically higher for the next rate hike: as soon as December, 2016.\" width=\"550\" height=\"373\" class=\"size-full wp-image-35434\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_30DayFedFundFutures.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_30DayFedFundFutures-300x203.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35434\" class=\"wp-caption-text\">&#8230;now, the odds are dramatically higher for the next rate hike: as soon as December, 2016.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html\" target=\"_blank\">CME FedWatch Tool<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>{snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_35446\" aria-describedby=\"caption-attachment-35446\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_TLT.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_TLT.png\" alt=\"The iShares 20+ Year Treasury Bond (TLT) is off its all-time high but still up a market-beating 15% year-to-date. \" width=\"550\" height=\"375\" class=\"size-full wp-image-35446\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_TLT.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_TLT-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35446\" class=\"wp-caption-text\">The iShares 20+ Year Treasury Bond (TLT) is off its all-time high but still up a market-beating 15% year-to-date.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/www.freestockcharts.com\/platform\/v1\" target=\"_blank\">FreeStockCharts.com<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>The volatility index, the VIX, confirms the market&#8217;s comfort level (aka complacency?). The VIX last closed this low on August 26, 2014. Since the financial crisis, the VIX experienced its lowest close on July 3, 2014 at 10.3. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_35435\" aria-describedby=\"caption-attachment-35435\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_VIX-weekly.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_VIX-weekly.png\" alt=\"This weekly view of the volatility index, the VIX, shows how post-Brexit relief has caused a volatility implosion.\" width=\"550\" height=\"375\" class=\"size-full wp-image-35435\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_VIX-weekly.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_VIX-weekly-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35435\" class=\"wp-caption-text\">This weekly view of the volatility index, the VIX, shows how post-Brexit relief has caused a volatility implosion.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/www.freestockcharts.com\/platform\/v1\" target=\"_blank\">FreeStockCharts.com<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>The U.S. dollar index (UUP) is adding to the headwinds for gold. The index recently topped its 200-day moving average (DMA), a very bullish move. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_35437\" aria-describedby=\"caption-attachment-35437\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_DXY0.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_DXY0.png\" alt=\"The U.S. dollar index is breaking out. If it sustains this momentum, the U.S. dollar index will likely work against gains in gold.\" width=\"550\" height=\"375\" class=\"size-full wp-image-35437\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_DXY0.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_DXY0-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35437\" class=\"wp-caption-text\">The U.S. dollar index is breaking out. If it sustains this momentum, the U.S. dollar index will likely work against gains in gold.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/www.freestockcharts.com\/platform\/v1\" target=\"_blank\">FreeStockCharts.com<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>And then there is the sentiment of speculators. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_35439\" aria-describedby=\"caption-attachment-35439\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_cot-XAU_USD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_cot-XAU_USD.png\" alt=\"Speculators have not been this bullish on gold since at least 2008.\" width=\"550\" height=\"550\" class=\"size-full wp-image-35439\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_cot-XAU_USD.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_cot-XAU_USD-150x150.png 150w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_cot-XAU_USD-300x300.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35439\" class=\"wp-caption-text\">Speculators have not been this bullish on gold since at least 2008.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"https:\/\/www.oanda.com\/forex-trading\/analysis\/commitments-of-traders\" target=\"_blank\">Oanda&#8217;s CFTC&#8217;s Commitments of Traders<\/a><\/strong><br \/>\n<\/center> <\/p>\n<p>My favorite check on gold sentiment is the index for Google Trends on the search &#8220;buy gold.&#8221; I have been watching this indicator for over 8 years and the current episode has been the toughest yet to decipher. <a href=\"http:\/\/drduru.com\/onetwentytwo\/2016\/06\/18\/gold-top-watch-continues-with-confirmation-caveat\/\" target=\"_blank\">I have been on a vigil for a blow-off top in GLD since mid-June<\/a> when sellers took down GLD in a technical topping pattern. {snip}<\/p>\n<p>There was a very well-reported and notable spike in &#8220;buy gold&#8221; on the day after Brexit&#8230;<\/p>\n<p><center><br \/>\n<figure id=\"attachment_35440\" aria-describedby=\"caption-attachment-35440\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-daily.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-daily.png\" alt=\"Interest in &quot;buy gold&quot; soared in the wake of Brexit.\" width=\"550\" height=\"537\" class=\"size-full wp-image-35440\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-daily.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-daily-300x293.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35440\" class=\"wp-caption-text\">Interest in &#8220;buy gold&#8221; soared in the wake of Brexit.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"https:\/\/www.google.com\/trends\/explore#q=buy%20gold&#038;date=today%203-m&#038;cmpt=q&#038;tz=Etc%2FGMT%2B4\" target=\"_blank\">Google Trends<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>But this spike was not quite enough to push the monthly trend to an extreme spike and the following weeks have not quite delivered either.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_35441\" aria-describedby=\"caption-attachment-35441\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-monthly.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-monthly.png\" alt=\"On a monthly basis, interest in buy gold has not registered an extreme.\" width=\"550\" height=\"546\" class=\"size-full wp-image-35441\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-monthly.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-monthly-150x150.png 150w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-monthly-300x298.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35441\" class=\"wp-caption-text\">On a monthly basis, interest in buy gold has not registered an extreme.<\/figcaption><\/figure><\/p>\n<p><figure id=\"attachment_35442\" aria-describedby=\"caption-attachment-35442\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-weekly.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-weekly.png\" alt=\"On a weekly basis, buy gold sentiment is &quot;elevated&quot; but not quite at an extreme. Continued momentum could push the weekly and monthly sentiment measures to extremes.\" width=\"550\" height=\"550\" class=\"size-full wp-image-35442\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-weekly.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-weekly-150x150.png 150w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GoogleTrendsBuyGold-weekly-300x300.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-35442\" class=\"wp-caption-text\">On a weekly basis, buy gold sentiment is &#8220;elevated&#8221; but not quite at an extreme. Continued momentum could push the weekly and monthly sentiment measures to extremes.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"https:\/\/www.google.com\/trends\/explore#q=buy%20gold&#038;date=1%2F2012%2055m&#038;cmpt=q&#038;tz=Etc%2FGMT%2B4\" target=\"_blank\">Google Trends<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>For my trading strategy, this potential topping in gold has meant I have stayed away from trading around my core GLD position since I sold my call options in VanEck Vectors Gold Miners ETF (GDX) in early June. {snip}<\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: long GLD, net long the U.S. dollar<\/p>\n<p><strong>(This is an excerpt from an article I originally published on Seeking Alpha on July 21, 2016. <a href=\"http:\/\/seekingalpha.com\/article\/3990019-gold-tops-odds-next-rate-hike-point-2016\" target=\"_blank\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This is an excerpt from an article I originally published on Seeking Alpha on July 21, 2016. Click here to read the entire piece.) The post-Brexit run-up in the SPDR Gold Shares (GLD) ended today. Source: FreeStockCharts.com The entire post-Brexit gap could easily fill if current momentum in other gold-related indicators continues. {snip} Source: CME &#8230; <a title=\"Gold Tops Out As Odds of Next Rate Hike Point Again to 2016\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2016\/07\/22\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[482,199,347,20,62,21],"tags":[1713,299,200,1164,280,1591,303,931],"class_list":["post-35431","post","type-post","status-publish","format-standard","hentry","category-breakout","category-commodities","category-fixed-income","category-forex","category-technical-analysis","category-u-s-dollar","tag-30-day-fed-fund-futures","tag-dxy0","tag-gld","tag-google-trends","tag-tlt","tag-u-s-dollar","tag-vix","tag-volatility-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold Tops Out As Odds of Next Rate Hike Point Again to 2016 - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2016\/07\/22\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Tops Out As Odds of Next Rate Hike Point Again to 2016 - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on July 21, 2016. Click here to read the entire piece.) The post-Brexit run-up in the SPDR Gold Shares (GLD) ended today. Source: FreeStockCharts.com The entire post-Brexit gap could easily fill if current momentum in other gold-related indicators continues. {snip} Source: CME ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2016\/07\/22\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-22T16:27:48+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/07\/160720_GLD.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/07\\\/22\\\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/07\\\/22\\\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Gold Tops Out As Odds of Next Rate Hike Point Again to 2016\",\"datePublished\":\"2016-07-22T16:27:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/07\\\/22\\\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\\\/\"},\"wordCount\":597,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/07\\\/22\\\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/07\\\/160720_GLD.png\",\"keywords\":[\"30-Day Fed Fund futures\",\"DXY0\",\"GLD\",\"Google Trends\",\"TLT\",\"U.S. Dollar\",\"VIX\",\"volatility index\"],\"articleSection\":[\"Breakout\",\"Commodities\",\"Fixed Income\",\"Forex\",\"Technical Analysis\",\"U.S. Dollar\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/07\\\/22\\\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/07\\\/22\\\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/07\\\/22\\\/gold-tops-out-as-odds-of-next-rate-hike-point-again-to-2016\\\/\",\"name\":\"Gold Tops Out As Odds of Next Rate Hike Point Again to 2016 - 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