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)
- What Facebook’s Libra Means to You - June 26, 2019
- U.S. Cyber Attack on Iran was Real, Now What? - June 25, 2019
- Is the World’s Largest Money Manager Pushing You into an Annuity? - June 24, 2019