I want to talk about what happened with
the Federal Reserve this week because I think that
is the most significant news of the week. In fact, I think it's the Federal Reserve's statement
on Wednesday and the comments from today
that's the real reason we had the 300
plus point rally in the Dow Jones Industrials Average today that's
why we had the 400 plus point turnaround
in the Dow on Thursday. I think it's all
about the Fed and its willingness to
tolerate higher inflation.
May 4, 2018
Are Rising Rates Bullish For The US Dollar?
I know people say that rising
interest rates are good for the US Dollar.
That's rising short-term interest rates
which in theory are good for the dollar
not rising long-term interest rates.
Gold & Gold Stocks
Gold continues
to pullback. Remember we got above 1350
briefly and we couldn't break out and
now here we are going back down to 1300
but one
thing that looks good to me
are the gold stocks.
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