Gold FOMC Hit
Well gold has dropped finally to about $1300 today and the miners are in the lower value area. But due to the intensity of the drop I'd say if you must buy now due so only lightly. Gold may still have a shot at $1280. I played JNUG for a bounce at this bottom and got out on half with profit but the severe drop after FOMC hit hard and I sold the rest for a loss. Now on the sidelines, its best to wait until next week or so to wait for selling exhaustion. There is no rush to buy gold now.
I sold some gold lately lol!
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