Gold and Silver Just Said the Fed Is Wrong

People believe that Janet Yellen (and Bullard as well) spoke hawkishly in Wyoming, yet the reaction by gold and silver completely laugh at this belief. As I type this, both gold and silver futures are soaring, punishing the sellers of yesterday for their exits. Whether this continues remains to be seen, but at this current time, traders of metal futures aren't buying what the Fed is saying. We'll see how the rest of the day trades, but at the current moment, no one with deep insight believes that rate hikes are around the corner. Recall that I predict the Fed won't raise interest rates this year while expert economists predicted that there would be four interest rate increases this year. So far, I'm winning.