Nov 2, 2016
Gold: A Down Payment On Much Larger Returns
I think this recent gold (SPDR Gold Trust ETF (GLD)) correction is just a down payment on much larger returns. When the year began everybody was bearish on gold because everybody expected the federal reserve to hike interest rates, not just hike once but begin the much hyped and anticipated normalization process. Because interest rates have been at zero for many, many years and the Federal reserve was beginning to normalize interest rates. What I said at the time was, (A) I did not believe it, even if the Federal Reserve raised interest rates it would not matter because they would never deliver the number of interest rate hikes that were anticipated by the markets.
at 7:07 AM
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