Gold Week – Lookout for Lockhart

Gold investors had better lookout for Lockhart this week. Atlanta Fed President Dennis Lockhart, a voting member of the Federal Open Market Committee (FOMC), is scheduled to speak on Monday. When last he spoke he stirred up worry about the Fed’s plans by sharing his inclination to raise rates in September, which is probably not good news for gold. Well, actually, that depends on how badly stock investors take the news, because pure panic in equities would spread fear into the dollar trade, which serves gold. It’s complicated – try to follow along. See the full warning on gold here.

Precious Metal Relative	Friday	YTD
SPDR Gold Trust (NYSE: GLD)	+0.25%	-8.3%
iShares Gold Trust (NYSE: IAU)	+0.38%	-7.7%
ETFS Physical Swiss Gold Trust (NYSE: SGOL)	+0.27%	-7.8%
iShares Silver Trust (NYSE: SLV)	+0.86%	-6.3%
ETFS Physical Silver Trust (NYSE: SIVR)	+1.04%	-6.5%
Market Vectors Gold Miners (NYSE: GDX)	+0.22%	-27.1%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	-0.63%	-21.2%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+0.32%	-74%
Direxion Daily Gold Miners Bear 3X (NYSE: DUST)	-1.06%	+48%
Goldcorp (NYSE: GG)	-0.44%	-25.9%
Randgold Resources (Nasdaq: GOLD)	+0.35%	-11.9%
Barrick Gold (NYSE: ABX)	+2.33%	-34.4%
Silver Wheaton (NYSE: SLW)	+0.47%	-38.8%
Coeur Mining (NYSE: CDE)	-7.17%	-48.7%
Silvercorp Metals (NYSE: SVM)	-0.13%	-44.8%

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