What will today's FED decision mean for gold and Silver
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
Today appears to be the day that markets have been waiting for, the FED announces their decision on interest rates. Trading this week has been a nightmare with the overwhelming indecision of what the FED will do.
There are many questions to be answered. Will the FED talk about tapering? Will the FED finally admit to inflation? Will the FED maintain its standard of ignorance and pretend that everything is okay?
The answers are clear; we expect no change and the same policies to continue. Gold and Silver have been struggling for the past few weeks, with Gold testing the bottom end of the recent range. All this is based on inflation and the FED decision.
We remain long understanding that although trading has been tough, the trend for both is higher. We know that our signals can change, and we could have to reverse but expect the uptrend to continue.
This is where you must make the decision: are you trading or investing. If trading, your time horizon is much shorter and you can be on either side of metals. Investing is building and accumulating. The two should never be mixed.
Patience, discipline, and money management always win the day.
Recording for our Monday Night Strategy Call with Andy Hecht below.