Fundamentally speaking, this is one week is perfect for anybody looking to smash the prices of gold & silver. By Wednesday, we will have the closed door FOMC with no press conference.
There will be a statement release at 2:00 p.m. EST:
Interestingly, the CME Group is only showing about a 1% chance of a rate hike:
And every MSM pundit is fully expecting the Fed to “hold” on 100-125 basis points.
But moving out to December is a whole different story:
Again, looking at CME Group’s probability, it seems there is 100% certainty of a rate “hike” in December. Not only that, but 4.3% even think we could be 50 basis points higher than where we are today on the Fed Funds Rate.
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