Who are the Barrick and Goldcorp bagholders?
Both Barrick Gold (ABX) and Goldcorp (GG) unnaturally rocketed last week just days before the release (tomorrow at 2pm) of likely hawkish minutes from the FED’s February 1st FOMC meeting. The release will be preceded by FED governor Jerome Powell’s luncheon presentation at the “Forecaster’s Club” in NYC.
The Dollar has been naturally strengthening, and questions should be asked and answered:
Who did the ‘Dark Side Boys’ screw this time around?
Where is the S.E.C. in all of this?
Not so happy trading this morning!