Miners Soared – Here’s Why and What’s Next

From goldpriceforecast.com

You saw how miners soared on Friday – everyone did. But do you know why it happened? This time, it’s actually quite clear… It’s usually difficult to say what made the market move in a certain way. “Because there were more buyers than sellers” or vice-versa is the best reply, but it’s not very informative. This time, however, the rally was ignited by a specific event that can be analyzed. The event was that the nonfarm payrolls negatively surprised the market. This happens rarely, and when it does, people tend to exaggerate its meaning, thinking that since there was a sign of economic weakness, the Fed ... (full story)