Article By:
readtheticker
Sunday, March 24, 2024 5:45 PM EDT
The Fed at the March 2024 FOMC suggested that this rate hiking cycle, and consequently interest rates, may have peaked for this cycle. This is important as precious metals need to know higher rates are over and are likely on the way down.
The Precious Metals “Correction” : Now What ?
perhaps the real "correction" is a running correction where prices continue trending up, or a mild correction. In both cases the overbought condition is addressed. We have come off a 50 year low in the BGMI/gold ratio. Just to mean revert to a normal ratio, the $HUI would need to double, then double again from here.