With all the recent talk of a weak USD you would think that the PMs would have been really benefiting. As Jordan Roy-Byrne, Founder of The Daily Gold, points out, gold has remained relatively weak against not only the USD but also foreign currencies. The bounce in GDX reached 10% but is not reversing. Most likely we will get some volatility after the Fed rate hike and announcement but what we really need is a significant trend change.

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