It makes sense that precious metals would bottom right before the last rate hike. The market is now aggressively pricing in rate cuts in 2023. Now is the time to be a buyer of weakness.
The seasonal weakness tends to be compressed into early June, with gold and its miners’ stocks carving summer lows in mid-June on average. From there gold and gold stocks..
Let’s start with a basic question. If you have unused property—cash or anything else—why would you lend it to another party?