by Keith Weiner
Loose Monetary Policy Remains in Place
Last week, we asked where then will silver go. Well, the price moved around this week, dipping on Thursday but then rebounding sharply on Friday. It closed up 13 cents from last week. The price of gold rose $24.
This week, the Federal Reserve announced that it will not hike rates. Most economists (and traders) have long been expecting a hike (not us).
[…] A hike is tighter monetary policy, and therefore not-hiking is looser. Which means a greater quantity of dollars. Which means higher prices. Everyone knows that (except us).