The Fed minutes have put a rate scare out there, which will take a while to dissapear…..as it will, as people realise they cannot let rates rise at all, due to the size of the debt etc.
But it will likely be enough of an excuse to keep hammering PM’s, some are short Gold above 2000 and feeling very perky……longer term moving averages are miles down still, so this correction looks like a biggy…I thought we would rally straight back…..but not allowed…note NEM’s strong open got crushed.