Subtle hints the miners are carving out a sustainable bottom
(Kitco commentary) - Unprecedented global stimulus measures, negative real rates, and a weakening dollar pushed gold futures to a record high of $2,089 per ounce six months ago.
Miners Continue to Price-In June Fed Rate Hike
(Kitco News) - The minutes from the last Federal Reserve policy meeting held on May 2-3rd were released this week on Wednesday, May 24th. The GDX Major Gold Miners Index Fund had been selling off into this release since last Wednesday, towards support at $22.