Miners ended the Aug. 31 session in the red, as the GDXJ ETF declined by 0.99% and the GDX ETF by 0.88%. Likewise, gold and silver sank by 0.36% and 1.16%, respectively. Furthermore, while the pivot crowd assumes 2023 is a lot like 2021 and 2022, the economic backdrop is much different now, and recession watch has officially begun. Bad News Is Bad for Gold With the crowd still exhibiting soft landing optimism, the ‘bad news is good news’ mantra has returned to the financial markets. If you’re unfamiliar, the phrase means that weak economic data is positive because it will allow the Fed to pause and/or cut interest ... (full story)