Tag Archive: gundlach

An Expanding Danger

As was anticipated, the Federal Reserve raised the key benchmark rate 25 bps to 1.75-2.00%. The central bank appeared to have a slightly more hawkish tone in its statement, and has made clear that it will hike rates twice more in 2018. The central bank did, however, stick with its previous forecast for three rate hikes next year. Although rates are not likely to get anywhere near levels seen in previous tightening cycles, they are expected to continue to rise gradually. The idea of higher... Continue Reading

Is Gold on the Verge?

Gold has been quietly moving higher for some time now, and the yellow metal could be gearing up for a significant upside breakout. Numerous issues have helped propel the metal higher in recent weeks, including but not limited to geopolitical tensions, worries over the debt ceiling, a dovish Fed and potential topping action in equity markets. In a recent article from Kitco.com, Dennis Gartman, author of The Gartman Letter, suggested that gold is about to finally breakout. He was quoted as saying “Gold is about... Continue Reading

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