It Needs To Get Worse Before It Gets Better For Gold Stocks

The doom and gloom surrounding gold, and gold stocks, lifted somewhat when the Fed’s minutes for its September 16-17 meeting turned out more dovish then the market expected. Chiefly, the grammar and prose surrounding the already done-to-death “considerable time” showed that members of the FOMC considered it more appropriate to link the interest rate decision to hard economic data rather than any specified period of time, considerable or otherwise. That, and the Committee’s deliberations on the impact of a strong dollar on already weak economic growth in many parts of the world led investors to believe that happy days (read:…