When will the FED raise interest rates? That is the question that dominates investment speculation. Despite not knowing when, hints from investment analysts and FED meeting quotes both point to the fact that the FED will increase interest rates. When that occurs, it will be bearish for the precious metals.
I’d like to point out that metals have already been trading lower in anticipation of a FED move. Because brokers always act in anticipation of market altering events, they have driven the price of gold and silver down to 5 year lows.
Some investors are now at risk for what I refer to as bottom fishing. This occurs when an investor is so bearish towards precious metals, he waits to buy trying to catch the absolute bottom of the market. Unfortunately, what usually happens is the investors waits to long, never buys and misses the whole move in the market. Now that […]