The RAGE Gauge for September continues to signal High Risk. The most significant contributor to this month’s reading was the all-time record of handgun background checks for the month of August at 611,575. Gold pulled back over the last 30-days, but is still holding strong at the $1,300/troy oz. support level while the yield on the 3-month T-Bill ticked higher. Both are an indication the market is taking Federal Reserve threats of rate increases more serious. I don’t expect the Fed to rock the boat much prior to the election.
Latest posts by E.J. Smith (see all)
- Economic Freedom: Where does USA Rank? - October 18, 2017
- October RAGE Gauge - October 17, 2017
- You’ve Read the Last Intelligence Report Now What? Part II - October 16, 2017