The Closing Look

At 2pm, the Fed decided to leave rates steady and market participants lowered the odds to two rate hikes this year.

Gary’s Thoughts: Make that NO rate hikes this year. Europe adds printing, China adds printing. Japan adds printing. Countries are buying up stock markets and all that has happened is the market is recovering some. Tomorrow another day GOLD and GDX now look ready for the move out as dollar was slaughtered as the Fed blah blah easy money.