The breakout points are going to be very clear for the metals soon and investors are going to climb aboard…
Craig Hemke on Palisades Gold Radio
Craig discusses his annual metals forecast and the macro picture for the markets. Daily, the price of the metals is driven by derivatives and algos. However, if you can figure out the macro picture then your gold forecast will work out.
Very little has changed in the Feds Policy over the past few years. The Fed today is all publicity focused and the markets are keen to listen to their every word. It’s ridiculous but it’s the only thing that matters. The focus is now on predicting what the Fed will do in several meetings in the future. Fundamentals no longer matter and indexes are mostly driven by a handful of stocks.
Should the Fed decide to raise rates in March the actual impact won’t be felt until the end of the year. During that time inflation will probably become even further entrenched.
The breakout points are going to be very clear for the metals soon and investors are going to climb aboard.
FULL SHOW NOTES AND LINKS HERE