Fed Meeting: Gold Awaits Interest Rate Decision [NEWS BRIEF]

the front of the Federal Reserve building in Washington, D.C.

Gold trading is muted this morning for the Fed meeting — looking toward 2PM Eastern time when the Federal Reserve releases its decision on interest rate changes (no change expected this time), and notes/comments/minutes on the latest meeting discussion.  The biggest item on the table is how the Fed plans to unwind its massive stash of Treasury bonds, notes and trinkets accumulated during the famous QE financing schemes.

Related: Mining Company Given A 200-Year Fine?

The Quantitative Easing plans, or Ben Bernanke Bailout, resulted in the Fed’s current $4.5 Trillion-with-a-T balance sheet.  That’s a lot of knicknacks and baubles for sure.  Until we see the Fed meeting you can expect gold to drift today.  Then, who knows what will happen.  Today’s featured article should give you some insight into the situation at the Federal Reserve, and what might happen in different scenarios.

Related: Is the US Dollar Facing a Critical Test?


About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

Leave a Comment