Fed will hold until at least September, gold likely stuck in neutral for 3-6 months – SIA’s Cieszynski - KITCO
Fed will hold until at least September, gold likely stuck in neutral for 3-6 months – SIA’s Cieszynski - KITCO
Source: KITCO
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DW NOTE
SIA's call that gold will drift sideways for six months ignores what's already happening: gold is down 24.2% from January's $5,318 peak, silver off 50%. The Fed hasn't moved yet and precious metals have already repriced violently. The "neutral" phase is a retrospective label for a correction that's well underway.