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Prisoner24601

2,834 Posts.

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21/02/17

23:21

Post #: 22794569
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Originally posted by timber1956 ↑

@Proctalgia

"...I wouldn't lose a moments sleep over what the Fed might or might not do next week."

...or for the rest of the year.

Let's assume that the Fed do three additional rate increases of 0.25% in March, June and September. That will add less than $6.00 per ounce to the notional cost of carry this year.

I think this is not a significant head wind, if you think that gold will advance to (say) $1,300 by the end of the year...

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It's nothing for us but for the guys that are dealing in millions/billions, the market movers???
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0 Great analysis

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