Hi AverageJoe and all,
I think after this rate rise the FED will signal another two rate increases for the remainder of the year, but my bet is we won’t see these additional rate rises instead we are more likely to see QE4 although they may have another name for it by then.
I notice the ten-year bond yield is now at the 2.9% level and in my opinion just under the true inflation rate! Lend Uncle Sam money for ten years for next to nothing. No thanks I’ll stick with physical Gold!!!
https://www.cnbc.com/quotes/?symbol=US10Y
I’m not big on Gold conspiracies; however, the Gold price action ahead of each of these FED / FOMC meetings certainly gives me pause to think about them as a possibility.
This threat of a trade war is spilling over into our dollar and holding Gold nicely above AUD $1,700.00 so I can’t complain!
Cheers and very best regards: Andy
