Loading ...They have been falling ever since that month. While everything else went up. So they are past due to gain popularity. The regular stuff was on the moon Jan 2022, so they were past due for a bear mkt, they only just started their bear mkt, and miners are past due for a rally. The miners need higher gold prices, that the bottom line. And we all saw gold going from $140 to $850 as rates went from 5% to 21%.
I have to stop being a miner stock therapist now LOL. So, we all have to ask ourselves if we think gold will make new all time highs above the old $2050/oz highs last march. The USD was very low at 89 in march 2021, and it got very high lately 114 in late sept. It went down below 110 last week, on a possible dead cat bounce now to 111.
Re the Fed raising or lowering rates before the elections next week. At first I thought they would lower them to help a dow rally and democrats win. But if they raise rates Wednesday, it might suggest they are still scared shit of a runaway inflation, and or they want and need the thrifty and practical republicans to win.