Adrian Day on Palisades Gold Radio
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Tom welcomes back Adrian day to the show. Adrian discusses the market’s reaction to the Fed’s policy changes. He says, “The Fed’s bark is worse than it’s bite.” When the Fed starts talking about tightening in any way it spooks the gold market. However, when the Fed starts to taper the market typically recognizes this effort as too little too late. Tapering means they only want to reduce the amount of buying. In nine months they will likely have a larger balance sheet.