Market update.The fed finaly signaled a stop in the rate hikes and is open for rate cuts at a later date. ( Did they just admitt they are boxed in??)
That is the sign we have been looking for to take the mining stocks out of this bear market crapshoot.
Look for a few more things like a weakening dollar and the apetite for US treasuries on the next auction or will the feds have to buy them all up. Will the Brics contignue to shy away from the Dollar with new trade deals. These are some of the things to look for. The market will go higher for a short hurahh untill it realizes we are in a resession already and it will sell off regardless the fed. Whenn that is done we will start a new bull market for our sector. That also means Gold will push for new highs . All this is just my oppinion and not any advise.We might just get our Christmass present afterall even if it is a late one. Thank you verry much.