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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.59+2.2%Dec 26 4:00 PM EST
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To: Intrepid1 who wrote (109300)12/20/2018 5:51:49 PM
From: Rarebird  Read Replies (1) of 116832
 
With the exception of one member and possibly another, this is Donald Trump's Federal Reserve. He appointed 90% of the voting members, who ruthlessly raised rates when there was global unrest. Yellen, who is a progressive, is on record for having paused for one whole year due to global concerns.
Were these rate hikes good for gold and the Miners? Short and intermediate term no. Longer term, they will likely bear fruit because once a recession hits, the Fed will start easing again, which is good for gold. As for where Americans should or shouldn't buy their products, that's the subject for another thread.
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