RE:Everyone Calm DownExactly right. The amount of pain that even a 1 point rate increase will bring to the market will ultimately back fire. People will lose homes very quickly and the Fed will be right back to quantitative easing. Inflation is being caused by all the lockdown during the early stages of the pandemic and no other reason. Raising rates will not reduce inflation pressure but it will kill business. Once that reality sets in money will flow back into gold. Just not sure where the bottom is here but more that gold got killed yesterday.