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Takeaway: Please note we are removing Gold (GLD) from Investing Ideas

Jobs report Friday was eventful to say the least.

To sum things up, the expectation for a Fed rate hike was pulled forward which is why we are removing GLD. More deflation from a stronger USD with rates moving higher in the near-term (NOTE: A stronger USD vs. potential more cowbell from Draghi) is NOT good for gold.

Bottom line? More deflation and higher rates is not a recipe for a long gold position. Even if the Fed doesn’t hike in December, the deflation risk for the next month as the world re-positions up for a rate hike could continue pressuring gold prices.

It’s best to stay out of the way.

GLD: We Are Removing Gold From Investing Ideas - gold bar