The precious metals complex enjoyed a strong week mostly due to a post-Fed
explosion on Wednesday. Although gold stocks sold off to end the week, they
finished up almost 5% for the week. Gold gained 2.4% on the week while Silver
gained 2.9%. The miners enjoyed massive gains following the previous two rate
hikes and that has some optimistic about a repeat scenario. However, the miners
and metals need to prove they can recapture their 200-day moving averages before
we become optimistic