gold, page-23528

As an observer of the Fed Reserves actions, id like to point out that the last 2 rate hikes has 2 things in common:

- a rising/stable DJIA so that any rate hike could be absorbed comfortably without a belly flop.
If said belly flop occurs (which it had) then the rate hikes stop until the market is at least stabalised again.

- interest rates on the 10 year are rising and the fed doesn't was to get completely left behind.

Both of these are happening again now.
Id suggest the next hike comes sooner rather than later.

On a separate note, jim Rogers in his latest interview on MacroVoices reminded us that its the 3rd hike that really causes the market to react.

Food for thought...