Bullish miner rotation in play as GDX tests its breakout level
(Kitco commentary) - As I type this missive, August Gold is being sold down towards support at $1675 after the U.S. Non-Farms Payrolls (NFP) report released this morning showed 2.5 million jobs were created in May.
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.