Craig Hemke of TF Metals Report and I discussed the then upcoming Fed Meeting. Craig believed they would do nothing, and they didn’t disappoint. Rate hikes are off the table now, probably because the next recession is on its way. Was does that mean for you? Gold is likely getting ready to bust through the 1350-1380 major resistance point and you want to be on the right side of that trade. We’ve seen this before and we’ll see it again soon. Craig also said that the Fed’s asset disposition program would be tapered off. Right again, that’s exactly what’s in the cards. Sometimes all you need to do is tune into Craig’s podcast and then wait for the actual news to unfold.
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