Miners are Hinting Gold May See a Correction Soon
(Kitco commentary) - To begin this week, the GDX closed lower on Monday with gold futures rallying to fresh highs. The following day, December Gold nearly reached $1550 before making a sharp $55 intraday reversal when President Trump tweeted delaying the new tariffs on a large batch of Chinese imports.
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.