Headline line inflation was up , the Fed hiked interest rate and guess what---------- Gold put on $25 from $1997 prior to the announcement to $1222.
Dutch election is over and gold is still rising.
It shows two things:
-The market is focused primarily on rising inflation and is worried that the Fed is already behind the curve, especially when Trump announces his massive budget deficits.
- Although Geert did not win the election, but his populist party increased their seats in parliament from 9 to 20 seats, sitting the scene for the big fish, the French election.
Ladies and Gentlemen, I am confident more than ever that the next leg up to above 1300 has begun with a bang and there is more to come.
