It is likely however that the dissatisfaction with rising fuel and food prices will be expressed, and the seeds will be planted for rate hikes to come later on this year.
It is a high possibility that the EU will raise rates before the stateside Fed. does.
Tommorrow morning all eyes will be on the newswires coming out of the ECB meeting, where the topic of higher interest rates will be discussed and decided on one way or another. The majority of the market feels that rates will remain unchanged at 1%
If rates in Europe and the US start to rise, metals will drop, as investors will be pulled back in to interest bearing investments.
As most readers here do not buy much of the lies out there, I’m sure many will see any price drops from this point as an opportunity to pick up more ounces.