Market Commentary from May 2020

This was a good week for the PM miners and gold. Perhaps gold didn’t rise much, but it closed above $1700 for the second week in a row. The high gold price has begun to move the miners higher, which is reflected in the HUI at 276. If you remember, back in March the HUI was under 200 after the initial selloff in the markets. So, the miners have been trending...  more

It's time to be excited about gold and silver mining stocks. I am not ready yet to break out the champagne, but all signs point the beginning of a gold and silver bull market. Gold closed over $1700 last week for the first time since 2011 and the GDX chart clearly looks like a breakout...  more