Loading ...Goldie – gold going/staying up against a rising is the best of both worlds for gold and stocks. I just wonder what it says of the stability of the other fiat currencies?
Mr. Copper – “the solution for high prices is higher prices” maybe today’s GDP number reflects falling demand because of the higher prices.
As far as the Fed goes, this may be the shortest rate hike cycle in history, or the Fed is trying to create a recession. I believe they will hike next week but sound dovish. That’s why the SM rallied so hard today and they had to sit on gold. The market expects them to stop raising sooner. We’ll see if we have negative GDP in Q2 – that would be officially a recession.