New Found Gold Corp V.NFG

Gold price action

[Retiredgeo]

The market is now expecting a 1% FED interest rate hike next week.

For the last several months gold has been dropping in terms of the USD and remaining more or less constant in terms of Euros and the Yen.  The drop has everything to do with the skyrocketing USD (and to a lesser extent the CAD).

How high can the US dollar go before the US becomes uncompetitive?  How high can interest rates go before they destroy the US economy?

We are living in interesting times.  It is a bad time to have a variable rate mortgage!

[Global1966]

This time next year should be very interesting for the US and global economy and the US dollar, which should fall like a brick

[BuccaneerBobbie]

That really insightful. So tell us why it will fall like a brick. Bucco

[Dixiedee]

  I agree by this time next year USA should be going through a very hard landing .Tighten will ease or could even be put on hold this will cause the dollar to reverse course if the recession gets bad enough which I think it will you may even see a small rate cut next year to signal that tightening has peaked  exports in the USA are starting to dry up because of their high dollar

[BuccaneerBobbie]

Bring back fatso? Mebe he can run the country from his jail cell like El Chapo? El Bucco