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Saturday, January 09, 2016 9:10:49 AM
During the last Fed-rate-hike cycle running from June 2004 to June 2006, gold powered 49.6% higher. That was despite the Fed more than quintupling the federal-funds rate to 5.25% through 17 consecutive rate hikes totaling 425 basis points. Gold thrives the most in Fed-rate-hike cycles when it enters them near secular lows and they are gradual. And both these conditions happen to be true in spades today.
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