Bond Yields Rise and Gold Tumbles Ahead of Fed Dot Plot Meeting
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5 Comments
Newest
2 years ago
IMO, short term bottom in gold today, we move higher from this point forward. Gold stocks will follow.
2 years ago
Forecasts are for mugs so here’s mine.
Gold will continue to ebb lower, there will be some “event” before year end that slams nearly everything lower, from that base gold will be a screaming buy. Have a watch list and cash ready.
My 2c.
2 years ago
The FED will say what they want to be true. They always do. Never deliver bad news. Doesn’t mean they always lie. Sometimes what they want to be true is actually true. So when they tell the truth, it’s just a coincidence. Not some moral drive to always be truthful.
2 years ago
So what you’re saying is “They tell the truth – even when they lie.”
Just like Tony Montana.
2 years ago
My prediction…….slightly more hawkish forward guidance….but no specific announcements about raising rates……the typical jawboning as opposed to action. I’d be surprised by anything else, anyway.
Some people think that a hawkish Fed is bad for gold, but as you know (probably better than anybody) there is no correlation between gold price and bond interest rates. Gold is due for a break-out from a cycle theory perspective, and that’s my outlook. I am going to add to my SLV trade, which I expect to stay in for most of the rest of the summer. My only question is whether to do it before or after the Fed minutes. Hoping for one more dip to average down.