Gold Miners: Trading the Fed’s March Meeting
March 15, 2023
No doubt it’s been a tough run for bullish gold miner traders who thought strength in late 2022 would carry over into the new year. The NYSE Arca Gold Miners Index* has fallen hard since mid-January. When sectors are trending so strongly in one direction they naturally draw traders looking to play a reversal or continuation. The sector may be attractive to traders looking to position for a surprise in either direction when the Federal Reserve announces its decision on interest rates at the March meeting.