A look into the Fed’s Beige Book
Chris Temple helps Cory wrap up the markets. Our main focus today in the Fed’s Beige Book that was released earlier today. The Fed seems determined to raise rates sometime in the near future but they might be getting a little ahead of themselves.
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It seems to me that everywhere I look everyone is pointing to lower prices in the precious metals I have not found one person with a bright outlook in my opinion it is time to go long.
Gold is certainly in much better shape than all the hysterical bears think.
I tend to think so too, Matthew, notwithstanding my comments of a day or two ago RE: fickle investment demand taking the lead. With stocks moving back to their 2016 highs, dollar rally and all, gold has still managed to hold roughly 2/3 of its 2016 gains.
Matthew, I for one appreciate all your charting & commentary. Keep up the good fight!
Thank you Marty.
Head on over to kwn, you find some long over there.
A question for Cory. Since you live in the Vancouver area, what do you expect from housing prices in terms of inflation. If precious metals and commodities go up, could we expect more upward movement in the price of homes in North America. Vancouver is already way to expensive, but more home inflation will make it it more non affordable for the normal Joe in the lower mainland. Thank-you
The Federal Reserve authorities are in an unhappy predicament, speculation is absorbing more and more of their funds the longer these rates stay down. But if you raise the rates to force up the price of money for speculative purposes you run the real risk of a stock market melt down. When people become trapped in debt the speculative fever becomes worse as if it was an antidote to the real problem, “The Debt”‘.