At present seems to be the day that markets have been ready for, the FED publicizes their determination on rates of interest. Buying and selling this week has been a nightmare with the overwhelming indecision of what the FED will do.
There are many inquiries to be answered. Will the FED speak about tapering? Will the FED lastly admit to inflation? Will the FED keep its normal of ignorance and faux that every little thing is okay?
The solutions are clear; we anticipate no change and the identical insurance policies to proceed. Gold and Silver have been struggling for the previous few weeks, with Gold testing the backside finish of the current vary. All that is based mostly on inflation and the FED determination.
We stay lengthy understanding that though buying and selling has been powerful, the development for each is increased. We all know that our indicators can change, and we may need to reverse however anticipate the uptrend to proceed.
This is the place you have to make the choice: are you buying and selling or investing. If buying and selling, your time horizon is way shorter and you may be on both facet of metals. Investing is constructing and accumulating. The 2 ought to by no means be blended.
Persistence, self-discipline, and cash administration at all times win the day.
Recording for our Monday Evening Technique Name with Andy Hecht under.
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