Market swings
Can anyone make sense of the huge market swings in gold and the miners this week
the FED raises rates by a quarter point
the US dollar strengthens and gold and primero gets crushed
that all makes sense to me
why then the big rally in gold and P today?
Is it because the market thinks that the FED will be unable to raise rates further in 2016? due to another slowdown in the US economy?
with another 3 fed rate increasses being postulated this year , the gold charts look like gold will want to go below 1000 before we finally see a bottom
holding my gold stocks but finding it difficult to figure out when to add with these large market swings
any comments out there would be appreciated
edmed