In it to Win it 157 - Monday Market Moves - Fed Raised 25bps, Market Doesn't Care
The Fed raised interest rates last week another 25bps, and the market did not care. S&P 500 continues to climb, gold closed the week flat despite some volatile moves on Wednesday and Thursday. Silver had some sharp moves but closed the week 1% down. Bought more SilverCrest in anticipation of them reaching nameplate capacity in a couple weeks. Also purchased more TLT when it shot down from the hike in interest rates. Copper had a nice bump in the equities when the spot price rose. Uranium and Cameco especially is performing like a boss. Pretty overbought, hoping for a correction for we can buy more.
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