by Craig Hemke
Sprott Money
That is the question. Oh sure, The Fed may attempt to hike the fed funds rate as soon as next month. They may even attempt another hike in April or May. But what happens after that? Answer that question and you’ll find a timetable for gold prices in 2022.
As February begins, we can start to look forward to what the year may have in store for us. In our macrocast for 2022, we wrote about how it will be similar to 2010 and 2019. Both of those years began with the narrative of pending rate hikes and Fed balance sheet reduction, and both of those years ended with the complete opposite of rate cuts and additional QE.