Fed policy got me thinking... bullish on gold or not?

• •The latest Fed announcement has me doing some serious head-scratching over here in NYC.
• •Been retired from the Street for a few years now, and the bulk of my portfolio, well, let's just say it gleams.
• •We're talking a substantial chunk of my 2M set aside in metals, especially gold, a good portion of that in my IRA.

The latest Fed announcement has me doing some serious head-scratching over here in NYC. Been retired from the Street for a few years now, and the bulk of my portfolio, well, let's just say it gleams. We're talking a substantial chunk of my 2M set aside in metals, especially gold, a good portion of that in my IRA. Historically, Fed hawkishness makes me want to stack more, but this time around, I'm feeling a bit… unsettled.

My gut tells me that with inflation proving to be stickier than they want to admit, and the whole "soft landing" narrative looking dustier by the minute, gold should be absolutely soaring. But then I see the rates climbing, and the immediate impact on the dollar index, which usually puts a damper on my shiny assets. Is it just me, or does anyone else feel like there are conflicting signals everywhere right now for precious metals? I keep running numbers through that Tax Calculator tool, trying to model out different scenarios for my distributions later on, and even that's giving me more questions than answers with the policy uncertainty.

I remember back in '08, when I felt a similar kind of churn, and a few good moves then really pushed me towards this heavy allocation. But the macro environment feels different now. We're not just looking at a financial crisis, but geopolitical instability and supply chain issues that are harder to factor in. Would love to hear some other perspectives, especially from those of you who've been in the metals game for a while. What's your current read on the Fed's impact on gold for the next 12-18 months?