Gold and macro environment, page-686

A lot of perfectly healthy babies being tossed out with the bathwater today, gold and the gold miners included. The FED did exactly what they telegraphed for months, and yet the market acted shocked. The shock has come with the longer dated fixed income products where rates have gone up, not down. Traders are a skittish lot, but bond investors know the ropes. A great buying opportunity coming up for gold and the gold stocks for those who keep their powder dry and are do not suffer from premature buying urges.