Well like all events of this nature it's pretty difficult to predict the market reaction.
If the Fed hikes it should in theory be negative for gold and gold stocks. However a hike is so baked in (if not Sept, then Dec) that gold and stocks have probably already adjusted.
I don't expect a rate rise so reaction in gold stocks in my view will be mildly positive.
The reaction in MML is harder to guess though. Have to see how GDXJ sells its parcel. Presumably it won't do it on market. The last week of downward price movement is probably some front running by shorters ahead of GDXJ sell down. Short it at ~42+ buy back from GDXJ at 38. Easy money
MML Price at posting:
39.2¢ Sentiment: None Disclosure: Not Held
