The fed do expect to raise rates twice next year but I would note that they stated their data dependency. I expect the RBA to cut rates in Australia next year. I assume the AUD will fall compared to the USD for y19 if this plays out. Aussie miners will find their costs in AUD terms falling, with higher AUD/USD cash flows for gold sales (DCN). If I expect gold in USD terms were to bottom in late 2019 due to the ending of the Fed's rate hikes or due to a surprise rate cut, then I would gradually move most my capital to miners on the TSX and TSX-V, for I see their potential to outperform in this scenario; namely miners like WDO, AGB... However DCN will remain a key ASX holding.
Made my entry purchase at 2.04, cautiously watching the USD.
