by Craig Hemke
Next week brings the long-awaited September FOMC meeting. What is said and what is unsaid will have significant impacts on the short-term direction of COMEX gold and silver prices, so let’s take some time today to speculate upon what may be coming.
And “speculate” is precisely what we will do today, as there is no one anywhere who can accurately predict what the Fed will do next. This has been the case since Greenspan and “the size of his briefcase” all the way through to Bernanke, Yellen, and now Powell. You may think you know what the Fed will do next, but they often end up moving too soon or too late. So, anyone who claims to know precisely what the Fed will do next is most likely selling something.