Gold today moved up with silver in anticipation of what I believe to be signs on the wall the Fed knows it made a mistake last December and is now going to have to come up with some language that satisfies investors, doesn’t instill fear in the markets, keeps rates low to stir up growth and somehow gets the dollar a little weaker. #impossible
I’m 100% in the camp there is no rate increase. I’m 100% in the camp that the Fed is fighting deflation. I’m writing an entire book stating the case for it.
I do see weakness in the markets and it is trading with oil 100%. The dollar is a bit weaker and most commodities but oil were up today.
We thought December’s rate increase was historic but I think this meeting will be historic because of the language the Fed will use. You’ll recall what Bullard said just last week; Fed’s Bullard worries over inflation expectations
Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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