Gold Mining Stocks Could Halve In 2017
Fed Hikes and Their Impact on Gold When the first hike was delivered, along with the intention to deliver 3-4 more, gold prices were hovering above $1000. Gold now sits over $100 higher than it was at the time of the first hike, having rallied to $1375 when hikes were taken off the table. In our view one hike will see gold test $1000, two will see $1000 break, and three hikes would see $720 tested.
First published here: Gold Mining Stocks Could Halve In 2017
First published here: Gold Mining Stocks Could Halve In 2017