Junior capitulation begins while deal flow remains strong
(Kitco commentary) - With the gold price enduring above key support at $1800 per ounce for the past two weeks, resource stock speculators began to capitulate on select juniors late last Friday.
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.