Loading ...a number of miners are making 52-week highs yesterday and this am. NEM, AEM, KGC, WPM, EXK. AGI is just a stone’s throw away.
I think that it’s good to see in the summer especially, when things usually suck.
Also thinking we may not have to go through usual tax-loss selling that seems to start earlier every year, like October.
Earnings kick-off with NEM on 7/24 and a slew of others on 7/31. I suppose we could rally into earnings and then sell the news depending on what the metals do, but earnings should be solid, as prices for G & S have been stable for the last few months.
Anyone remember way back when Peter Schiff said the miners would be like the .com stocks? They laughed him off the “Fast Money” show. Geesh, I bet that was almost 20 years ago. 2006?
Random thoughts on the passing parade.