A friend and I discussed that the Fed more than blinked in response to the stock market plunge. With future economic growth projections continuing to fall, the Fed may be done with interest rate hikes for the short term, in an attempt to stop/slow down more future declines?
I have no idea what Black Swan event[s] will cause the world markets to freak out; be it North Korea, the EU falling, an intensified trade war, etc., but I would estimate that a large amount of fear money from around the world will try to get into gold and gold mining shares seeking a safe haven. Only my humble opinion.
KL may be in a very good position to weather the coming storms?
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