The Fed Hike Cycle of B.S.
For several months now, I spoke about how the Fed has painted itself into a corner and has run out of magic bullets.
Once again they spoke about raising rates and again markets were impacted, especially gold.
Well guess what? This picture I used more than once this year alone remains all one needs to remember when it comes to the Fed and rate hikes until further notice.
Gold shall be no exception.
Back to working vacation mode.