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Gold Miners await The Janet

This is a real tough time for the gold miners as they wait for the Federal Reserve to make a decision regarding a rate hike. As the above chart shows the miners have been battered over recent years with the HUI hanging onto the 100 level.

There isn’t a lot we as investors can do about it other than listen to the speculation, analysis and spin that swirls around the markets like a London fog.

We have stated our position and have nothing to else add other than second guessing the Fed is a dangerous game to play.

Sit tight for now, we will know by the end of the week just what the Fed have decided and how the markets are reacting.

Take care.

Will a rate hike effect gold prices?

Are the miners about to capitulate?

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