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What to Expect From the FOMC Meeting Today

smartknowledgeu.com / Sept 20, 2017

In my last newsletter, which you can subscribe to here, I stated that one should not be misled by the immediate gold and silver price movements that result from the geopolitical instability around North Korea, as the intra-day volatility in gold and silver prices caused by geopolitics will not change either the short-term price trends or long-term gold and silver price behavior that is ultimately still decided by the global currency wars and the crumbling purchasing power of major global currencies like the US dollar, Euro and Yen. I also mentioned that “since inception of our CIO newsletter, our CIO newsletter portfolio has still easily outperformed the S&P500 by nearly 20% and our benchmark XAU Gold and Silver Index by more than 140% over this multi-year period. To accomplish this, we have not been blindly bullish gold and silver every year, but have been bearish gold and silver assets [when appropriate] and [have] taken appropriate hedges when needed to guard against downturns in gold and silver asset prices.”

Though I speak of general trends in this newsletter, I supply specific strategies to my subscribing members of my CIO newsletter and Platinum membership, and two things I spoke of in the last newsletter came to fruition in my subscription memberships. Last week, we locked in gains on some PM mining stocks and opened up some hedges that would rise in price in the event gold and silver prices fell, as I felt a short-term downward trend in gold and silver was about to happen. Both turned out to be solid moves as the PM (precious metal) mining stocks we sold have since dropped in price and our hedges have risen in price in significant amounts for a one-week timeframe.

Furthermore, after North Korea fired a ballistic missile over Japan last Friday, both spot gold and spot silver spiked considerably higher in price, but I did not budge from my hedges to protect against falling gold and silver prices. As I stated above, significant intraday spikes in gold and silver upward or downward must be ignored when one spots a greater short-term trend as these spikes will not stop a short-term trend from manifesting. Learning to discount intraday white noise in gold and silver movements is one of the most valuable lessons anyone holding gold and silver can learn. And sure enough, by the time New York markets opened later that day, gold and silver had already reversed all gains from earlier that day and then proceeded to move lower, as the short-term downtrend we had prepared for began to materialize.

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