The chart says it all. "Don't fight the Fed" works both ways. They are currently wrapping up the biggest QE, have multiple rate hikes planned for the year, and have even talked about reducing their balance sheet, which is QE in REVERSE!!!
The over-valued stock market will falter, and the Fed will have to choose between rescuing the stock market or the value of the Dollar.
Either scenario is bullish for gold. Expect gold to start it's next leg higher later this year.
Good luck!
The over-valued stock market will falter, and the Fed will have to choose between rescuing the stock market or the value of the Dollar.
Either scenario is bullish for gold. Expect gold to start it's next leg higher later this year.
Good luck!