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Interest Rates Rise and So Does Precious Metals
The Fed hiked rates by .25 as expected and as expected gold and silver popped higher. Connecting the dots srsroccoreport reports that the Dow corrects every six years and is quite over due. In the meantime, Zerohedge reports that Goldman Sachs insiders sold $205 million in stock since Nov. 8th which is three times more than the group has sold in any month in the last five years. Finally, Charles Hugh-Smith via OfTwoMinds blog penned a piece arguing that the fed has created a benign confidence that risk in the markets is permanently sidelined so buy the dips. Putting all three together one should start to consider that it is probably time to get out of the stock market.
In the diamond segment Guildhall discusses why it owns and invests in all of the pink diamonds shown on the site; like this .50 intense pink VS2