The Fed & dot plots today...
The Fed doubles the Pace of Taper, and Now Expects 3 Rate hikes in 2022
Add to that ...
... 3 more in 2023
Who pays ? Pretty much everyone, including and especially Gold equities.
Oddly the broad markets almost seem to LIKE it !
Bad news is good news and good news is bad news (for gold) .
Cue the market collapse to reverse the new hawkish trend....or will that wait for more Omicron closures and strife? a realization that the economy is not actually strong as Powell "says", continued supply chain disruptions?, shrinking corporate margins? or inflation continuing to outpace interest rate increases (meaning continued negative real rates despite an ending of the taper and rising rates)?
Oh the woes of being a gold investor, and knowing what is truly going on.
MM