Categories: Precious Metals
Topics: General Precious Metals

SILVER WILL BE A TOP PERFORMING ASSET IN THE NEXT FINANCIAL CRISIS

Sept. 14, 2016

SILVER WILL BE A TOP PERFORMING ASSET IN THE NEXT FINANCIAL CRISIS    

The much awaited Jackson Hole speech by the Fed Chair Janet Yellen – and the subsequent nonfarm payrolls data failed to ignite the prospects of a rate hike this September of 2016. The market now forecasts only a 21% probability of a rate hike in this month, according to the CME FedWatch Tool. The probability of a rate hike in December of 2016 stands at just above 50%.

Time and again, I have explained why the Fed cannot hike rates in 2016. Contrary many market experts, my view has stood the test of time and has come to fruition. According to my research, the chances of a rate hike in December of 2016 are also very bleak. Nonetheless, the Fed speakers will continue to “jawbone” the dollar, the way they have been doing for the whole year.

The coming week has a number of Central Banks competing with each other to unleash their monetary easing plan as if that is the only solution to all the economic problems plaguing the world. Even the failure of the past seven years has not deterred them from printing more money from thin air.

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