May 20, 2021
Fed 'forced' to raise rates this year; stocks to throw tantrum, gold to rise - Todd Horwitz
by David Lin
Kitco News
The bond market is already signaling a rate hike from the Federal Reserve this year, according to Todd “Bubba” Horwitz of BubbaTrading.com.
“I think they’re going to be forced, by the bond market, to raise rates this year. I think that they’re too far over their skis, and they’re basically too clueless as to what is going on in the economy,” Horwitz told David Lin, anchor for Kitco News.
Rising inflation is also going to force the Fed’s hand, he said.
“Inflation is going bonkers. They won’t admit to it,” he said. “Have you seen the housing spikes and the cost of lumber?”
The Fed’s meeting minutes on Wednesday revealed a possibility that the central bank is considering rate hikes.
“A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases,” the minutes said.
http://www.kitco.com/news/2021-05-20/Fed-forced-to-raise-rates-this-year-stocks-to-throw-tantrum-gold-to-rise-Todd-Horwitz.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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