Silver Is Primed To Rally As The Federal Reserve Finally Admits Inflation Reality (Gold Near Breakout)

Yesterday, we had another FOMC meeting, and finally the Federal Reserve admitted that its September predictions that the CPI inflation rate was falling to 2% were not valid. In the December statement it had a line that said that it “has made progress toward” the 2% goal.

Yesterday, it took that line out of the statement.

It simply had to admit reality.

I watched CNBC yesterday, as the trading day was wrapping up, and commentators were saying that they no longer expected two rate cuts this year.

Honestly, the stock market and economy don’t need anymore rate cuts to stay the way they are now.

In fact, more rate cuts would only create more inflation and another giant mess.

If you have been paying attention, you know that the CRB commodity index made a new 52-week high this month, and some individual commodities, such as coffee are exploding.

Gold is trading right below its all time high.

Now silver has been consolidating, but silver prices look like they are primed to breakout to the upside.

Check out the SLV ETF for silver.