I think whether the Fed increases rates or keep them on hold (or reduces) GOLD is going up. Its over and its embarrassing that they can continue to push the narrative that rates are going up when its going downhill fast everywhere. Peak debt no growth and dubious statistics. I cannot understand why all those in attendance to meetings and press conferences don't just stand up and say things for what they are as its going along with nonsense and its everyday citizens globally that will suffer.
Given the raise in December 2015 the Fed clearly can do what they like regardless of the sense in the choice.
With that in mind I actually think they may just raise in September to finally bring the markets down.
JFI
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