Rally in the Mining Stocks? More Like a Pause…

From goldpriceforecast.com

Gold is trying so hard to move above $2,000… The dramatic attempt gets many heads turning, but… It doesn’t look good. It doesn’t look good because gold is pretty much the only part of the precious metals market that’s been moving much higher recently. $2,000 is slightly above gold’s 2011 high… In nominal terms. In real terms, gold is not even close to its 2011 high despite the wars in Europe and the Middle East. Silver is not even half as expensive as it was at its 2011 top. And mining stocks? Ridiculously weak. They are not only below their 2011 and 2008 highs. They are below their… 2004 high! In ... (full story)