Chart Update for Gold and Silver | Metals Mine

  • Chart Update for Gold and Silver

    From sprottmoney.com

    With 2019 progressing along the path of our 2010+9 thesis, and with the next FOMC meeting slated for next week, we thought this week would be an excellent time to update the charts and begin to look ahead to the back half of the year. Again, if you haven't yet read our forecast from January, you should do so now. The year 2019 is unfolding in a manner that is strikingly similar to the year 2010. History doesn't repeat, but there sure is a lot of "rhyming" in these posts: So now here we are already in June and the year is nearly half over, with gold and silver mostly unchanged since January. A few weeks ago, though, we ... (full story)

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bigtx
Jun 11, 2019 4:44pm
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The whole thing seems to hinge on this paragraph:

"And here's the thing: just as in 2010, The Fed is about to reverse course. Whether or not they cut the fed funds rate next week is of little import. What matters is that the bond market has already placed Powell and his buddies about 75 basis points "behind the curve"... meaning The Fed needs to cut the fed funds rate by 0.75% just to re-establish a positive slope to the yield curve. But they won't move this quickly, and thus the U.S. economy will continue to slow until the worsening contraction and recession is finally apparent to all."

This seems way to certain that the Fed will follow the market sentiment here. I don't see it happening like that, at least not that certain. That last sentence seems the most damning of this article. The only thing we can be sure of in the market is that you can't be sure in the market!
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