Is a December Rate Hike Necessarily Bad News for Gold?
Conventional wisdom holds that an interest rate hike in December will be bad for gold. But will it? There is actually evidence the opposite could be true.
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Conventional wisdom holds that an interest rate hike in December will be bad for gold. But will it? There is actually evidence the opposite could be true.
There’s been a lot of focus on the Federal Reserve lately. Earlier this month, the central bank launched efforts to shrink its balance sheet after years of quantitative easing. Most analysts also expect one more interest rate increase this year. Then there is rampant speculation about who will take the reins at the Fed when Janet […]
The price of gold has fallen four straight weeks, primarily driven down by anticipation of Federal Reserve monetary tightening. The kickoff of the Fed’s balance sheet normalization program and the expectation of rising interest rates have helped spark a dollar rally. But few people seem to be paying any attention to the pitfalls of quantitative […]
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
The Federal Reserve Open Market Committee will meet this week. There is virtually no expectation of a rate hike this time around, but there is widespread anticipation that the Fed will outline its strategy for shrinking its massive balance sheet. In his most recent podcast, Peter Schiff made a pretty good case that the Fed […]
True Economics called it “the scariest chart in the world.” That may be a little bit of hyperbole, but a chart showing declining average rates of growth during each economic expansionary period since the 1950s is certainly cause for concern.