``On average during the exact spans of all 11 of the Fed's rate-hike cycles of the modern era, gold rallied 26.9% higher! That's a serious gain during events that are supposed to slaughter gold. .. In the 6 rate-hike cycles since 1971 that saw average gold gains of 61.0%, the average federal-funds-rate-target increase per hike and per month of these rate-hike cycles were only 35 basis points and 24bp.  Investment capital flowed into gold most readily when the Fed was the most gradual and measured.''

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