Gold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety.
Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move.
As traders suddenly realize the undervalued metals prices have not adjusted to the global risk factors associate with a US 5% FFR (creating global economic concerns), I believe precious metals may move sharply higher (very quickly).
The Fed is on a mission and may prompt a massive global contraction as excesses and risks continue to elevate. Just like in 2004~08, precious metals drifted higher until the crisis event in 2008-09. Then, after a brief contraction, metals skyrocketed more than 85% higher over 2.5 years.
We may be at the start of a 150% rally in gold (or more). Stay tuned.