Despite another Fed rate hike today from the new Federal Reserve Chairman, Jerome "Jay" Powell, the gold price actually spiked around 1.5% after the announcement after it had been correcting towards the low $1300s the last few weeks. New technical analysis on gold from Kitco's Jim Wyckoff after the Fed rate hike says gold is on the verge of a major breakout if the gold price can close above the $1377.50 overhead resistance lever on the weekly charts. http://www.kitco.com/news/2018-03-21/Bullish-Chart-Clues-For-Gold-Upside-Above-1-500-Possible.html Also, surprisingly, the US Dollar Index did not rise. The US Dollar Index actually fell below 90 on the rate hike announcement. The correlation between Fed rate hikes and a stronger US Dollar may now be broken. What do you think? Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]