GREY:VITFF - Post by User
Comment by
OCB1234on May 17, 2023 7:02pm
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Post# 35453561
RE:RE:Recent SP action is....
RE:RE:Recent SP action is.... "The recent drop in gold price due to the market mini tantrum because apparently inflation is still high and the Fed just might increase interest rates and not start to cut them as soon as previously believed. What a load of garbage, so if the Fed raises another 25 basis points the world comes to an end?...rediculous...."
It is ridiculous! Does anyone here remember that between June 2004 and June 2006 the Fed more than quintupled its funds rate from 1% to 5.25%? And what did the gold price do during that 2 year span? It blasted 49.5% higher!