Commodity Trade Mantra

Posts Tagged ‘GDX ETF’

Barking Dogs Seldom Bite: Fed Won't Hike Interest Rates - All Dips a Gift to Buy Gold

The news that the Fed hopes to raise interest rates in June & subsequent quick price drop in gold has scared a lot of people out of gold. In reality, the Fed won’t raise rates in June on at least two counts. First the stock market rally that began in Feb has already lost steam. Second, there are no signs of a sudden economic boom. The price dip is a gift for those who want to buy gold.

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