#FOMCWatch When rates stay high, the rich aren't the ones who get hurt first. The bottom 60% are.
Ray Dalio just broke it down, and it's pretty simple:
The government keeps borrowing, and everyone else gets pushed out of line for credit.
If you've got plenty of money, you're the last to feel it. Families without much cushion and companies that can't easily borrow feel it first.
Then credit gets tight, business slows down, profits drop, and stocks eventually catch up.
Basically, high rates m...
$XAU Is Back Above $4,050 Gold Buyers Are Waking Up....
#Gold bounced strongly from $4,000 and is now trading near $4,059
I'm bullish on this recovery, but $4,060 is the next key level to break. If buyers push through $4,100 could be next.
Losing $4,020 would weaken the setup.
Your call: $4,100 or $4,000 first?