A Dove in Hawk’s Clothing – Ep. 49

* Fed's official statement released yesterday

* Received by the market as hawkish, Fed is still reiterates "patience"

* The statement noted unguarded optimism about the U.S. Economy

* Fed ignored unstable markets, Europe, oil prices and strength of the dollar

* Response: the market sold off and the dollar rallied

* Gold declined on Fed's expectations

* The Fed's underlying goal may be to talk the dollar up and talk the markets down

* Strong dollar buys time

* Continued "patience" indicates Fed's true agenda


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