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Tuesday, April 12, 2016

Surging Mining Stocks Point to Big Move Ahead in Gold and Silver

https://www.moneymetals.com/news/2016/04/12/surging-mining-stocks-000853

Industry major Barrick Gold (ABX) has seen its share price more than double year to date, leading precious metals mining equities as a group to become by far the top performing sector of 2016. As the bull market matures, we can expect leadership to switch from the majors to the mid-tier producers, then on down to the junior explorers.
Eventually, the stocks will get ahead of their underlying fundamentals, as is always the case in momentum-driven markets. Investors will then find greater value and stability in the physical metals. Physical precious metals will at some point take center stage and outperform the miners.

The weather report is,  Cloudy with a chance of printing....

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