The Phaserl


Is the Mining Sector About to Explode Higher?

by Graham Summers, Gains Pains & Capital:

Is it time to buy Gold miners?

The precious metals mining sector was slammed with Gold’s sharp drop in prices in April. Mining companies are more “pie in the sky” than owning actual bullion, so mining shares typically move much more sharply than Gold does (see the figure below charting the price performance of Gold against the Gold mining ETF).

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