Gold & Silver Seeker Report: This Week in Mining Issue #17: Consolidation Continues & More Monetary Shenanigans

“We’re not even thinking about thinking about raising rates,” – Powell. This says it all as the chairman made it clear the Federal Reserve will provide the most conducive environment to drive precious metals higher. The Fed will continue its massive asset purchase program, instead of tapering it off. This is the perfect storm to drive precious metals higher and in turn related mining equities. However, this doesn’t mean we won’t see a more substantial pullback in the metals in the near-term.