WHY YELLEN’S FIRST BAZOOKA SHOT DIDN’T HURT GOLD $ASHR $DUST $EPI $FXI $GC_f $GDX $GDXJ $GLD $INDA $JDST $JNUG $NUGT $SLV
Federal Reserve Chairwoman Janet Yellen finally fired a shot against gold. She missed. This was not the central bank’s latest interest-rate increase but a statement indicating a series of rapid rate increases. This was the first time since the financial crisis that the Fed was definitive about raising interest rates