Miners are leading gold lower into the U.S.election...again
(Kitco commentary) - Now that the marketplace has officially been denied fiscal stimulus until after the U.S. election by President Donald Trump on Tuesday, along with multiple European governments announcing more COVID-19 related lockdowns, both equities and gold are being sold to build up cash.
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.