Tue, 17 December 2019
Risks that were overhanging the market are all coming to pass. Brexit gets reaffirmed. Trade deal with China. Getting rid of some tarrifs. The Fed came out and announced stready as she goes, no rate hikes or cuts down the pike. Or at least until so-called inflation passes two percent, which it never will because the real rate of inflation is way higher than the stated rate. |
Tue, 17 December 2019
Jordan Roy-Byrne is quite optimistic about miner’s stocks performance for the coming year. The GDXJ and other indicators are pointing positive even in the face of stagnant gold and silver prices. The silver miners are doing even better. And it appears that while prices could go lower, they’re in a trading that could see major advances end of Q4 to middle of Q1. While past is not always prologue, the track record for this rally is close to 80 percent. That could be a profitable bet worth taking. |