Stocks and Precious Metals Charts: FOMC Tomorrow

Stocks slumped again today in advance of the FOMC rate decision tomorrow.

The Dollar strengthened on rumors of a hawkish meeting and press conference.

Gold and silver declined a bit.

I suspect that the Fed will raise 75 bp tomorrow.

As for any further hawkish words from Powell, we'll just have to see.

It smells like a sell the rumor buy the news type of scenario but it is hard to forecast the vagaries of the rapacious minds of our modern imperial moneymen

Have a pleasant evening.

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