There is still the September quad witch to get past this week, and then the two day Fed meeting next week. After that the elections will take more of the forefront. While most institutions are not expecting the Fed to hike next week, yesterday BNP Paribas put out a note stating that they hold firm to their call for a September rate hike. With all of this, and the September seasonality, we are anticipating a new low below the 2100 price in cash hours.
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