Gold Miners: Wen Moon?

JC Parets
April 22, 2024

As we've discussed here plenty, this year is very different than last year.

Remember in 2023 when breakouts would stick and prices of stocks and ETFs would keep heading higher?

That's not happening these days.

It's actually been the opposite.

The bigger question for me is whether these new trends are here to stay, or if at some point the stock market reverts to those longer underlying uptrends that got us here.

Another question I have is which mining companies are going to lead their groups as metals continue to make new highs.

Here's a good way to view it. This is Gold breaking out of a decade+ long base to new all-time highs, resuming its secular uptrend from the 2000s.

If/when the Gold Mining Index of stocks starts to play catch up, there will be new leaders.

We know from experience that when precious metals are heading higher, the junior mining stocks (with a fraction of the market cap of some of the bigger large-caps) lead the way in terms of percentage gainers.

"But Wen Moon?", to put it in the parlance of the kids these days.

We'll be going over it all tomorrow, Tuesday @ 2PM ET on a Special LIVE Gold Rush Event, where I will be joined by Ian Culley, and the best Gold charts on the planet

It's going to be fun. And informative.

And it's FREE.

Register here.

See you in there!

JC

 

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