Clearly, gold, silver, platinum, and most physical commodities are experiencing "sell the fact" pressure today from the pause by the US Fed, as it was accompanied by stiff inflation-fighting promises.
However, the most damaging development is the aggressive recovery off a new low for the move yesterday and a new high for the move upside breakout this morning in the dollar.
In fact, the aggressive stance of the US Fed in its insistence on achieving its 2% inflation target is likely to carry the dollar higher through the expected rate hike from the Bank of England this morning...[MORE]
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