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Why You Can't Trust The Fed (In 1 Simple Chart)

Submitted by Jeff Opdyke via The Sovereign Investor,

Gold has a message for the market: You’re a nut if you trust the Fed.

In the days since the arbiters of American monetary policy raised interest rates on December 16 - the first rate hike in nearly a decade - gold prices have pretty much gone nowhere. On December 15, the day before the Fed’s announcement, gold closed near $1,065. As I write this, it’s at $1,070 … and it has seen a high of $1,084 and a low of $1,052.

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