Tag Archive: discount

Has the Towel Been Thrown In?

The Federal Reserve finally took action on Wednesday, raising the Fed Funds rate by 25 basis points. This move by the central bank did not take markets by surprise, quite the contrary, it had been expected for some time now. What did come as a minor surprise, however, was the Fed adding a third interest rate hike to their dot-plot for 2017. This possibility of an additional interest rate hike next year drove some selling in multiple markets, including not only gold and silver but... Continue Reading