The Federal Reserve came out with their FOMC statement today and the mainstream media immediately spun it as "hawkish" and "bullish" for the U.S. Federal Reserve Note (aka the "Dollar").
Immediately, Gold and Silver were taken out to the woodshed and beaten up to reflect the strong dollar and negative gold and silver impact of the Federal Reserve actions.
But this is not the first time that gold has reacted negatively to the Federal Reserve statements. In fact, it almost always happens this way. You see, the Federal Reserve never let's gold rise on a day when they are speaking or making an announcement or releasing information.
You can almost be certain that anytime the Fed chairman speaks or information is released by the Federal Reserve, that gold and silver will get hammered. This is a policy, not an open market interpretation.
This is by design, not by analysis and actual market reaction. This is a fraud, just like the Federal Reserve itself. Just like our president and our banking system and our "free markets" that are anything but free.
So, did gold go down because the fed is "hawkish". Is the almighty Federal Reserve really going to stop printing money and creating Federal Reserve Notes out of thin air?
If history has any bearing on the future, than the answer is "Probably Not".
