Gold Reacted to the Fed Announcement on Interest Rates with Rally On Wednesday, gold reacted to the Fed announcement with a rally that broke over the $1220 mark by Friday. Janet Yellen announced – in a rather positive communiqué – that rates would go up a quarter point, and that we could anticipate a couple […]
Gold Lower on Upcoming Rate Hike and Animal Spirits, but is the Fed Behind the Curve? Gold prices were weighed down heavily this week mostly due to the upcoming rate hike.. The dollar is maintaining its strength right now, which is pushing down gold prices. Moreover, strong indications that the Federal Reserve will hike rates […]
The U.S. is on the Brink of a Major Debt Crisis With a $20 trillion national debt, it sure appears the U.S. is approaching a debt crisis. This past week President Trump addressed Congress with a pro-jobs and growth message that prompted a stock market rally the next day. As a result, gold saw some […]
$1.4 Trillion Dollar Deficit That No One Is Talking about In the 2016 fiscal year, the U.S. hit a 1.4 trillion dollar budget deficit, and no one is talking about it. October marked the start of a new fiscal year, and 2016 closed with a deficit three times larger than the previous year. It is […]