by Mike Gleason, Money Metals:
Coming up Craig Hemke of the TF Metals Report joins me. Craig speaks out on the technical situation for the metals, whether or not the economy his headed towards a recession and reveals something that could ultimately break the paper markets for gold and silver and get us back to free and fair pricing for the precious metals. Make sure you stick around for a tremendous interview with Craig Hemke, coming up after this week’s market update.
Precious metals markets got a boost following the Federal Reserve’s interest rate decision on Wednesday.
As expected, the Fed raised its benchmark rate by a quarter point. Fed chair Janet Yellen also recommitted to the idea of gradual rate hikes. That helped reassure investors who had feared an accelerated pace might be in store. Yellen’s statement suggested that two or three more hikes will be likely this year rather than four or five as some hawks have called for.
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