Miners lagging gold portends more weakness ahead
(Kitco commentary) - As Q3 came to a close on Monday, profit taking and quarter end book squaring by fund managers in the gold space was largely responsible for the safe-haven metal closing below strong support at $1480 on a quarterly basis.
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.