GDXJ: Still in a narrow range after the FED pop
Stocks and metals popped after the FED decision to hike rates on March 15. AS of now the metals and miners seem to be undecided where they want to go. GDXJ (Junior Miners) maybe saw some profit taking today as it is nearing the end of the multi year wedge pattern:
Pretty much the same for gold, but unlike the miners, gold ended up for the day:
… As TIPS headed higher and real rates declined (lower opportunity cost to hold precious metals):