Precious Metals Anticipate This Week’s Fed Action June 12, 2017 All eyes are locked onto this week’s FOMC meeting, set for Tuesday and Wednesday. The clear consensus appears to be that the Federal Reserve will slightly raise U.S. interest rates. Most traders and investors are also watching to see if the Fed acts to reduce its overblown balance sheet of government securities. As of Monday, the CME Group’s Fed Watch Tool is predicting a 95.8 percent chance of a hike in the neighborhood of 100-125 bps. A near certainty, it would seem, but the Fed has surprised us before. The full statement will be read Wednesday afternoon. In anticipation of the FOMC meeting, the gold market is a tad listless, with limited buying interest. At last check, prices for gold are down around $1,266.90. The Palladium market deserves some attention, as it recently reached a five-year high, and is currently hovering around $905 an ounce. We’ll have much more to discuss this Wednesday, as Fed Chairwoman Janet Yellen will give us the latest interest rate news. Stay tuned… Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice and cannot be attributable to Dillon Gage. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.