For the gold bugs.. its about as bad a post-thanksgiving return to the market as possible.
Its not so much that Gold/miners are lower.. but that we're regularly breaking new multi-year lows. By definition... with new lows... there is zero sign of a turn.. and I'd expect Gold in the $900s next year.
As many recognise.. higher rates are bearish precious metals... and the related mining stocks.
|Santa at the NYSE... again|
time to shop....... back at 11am