Savvy Trades and Investments

[Bobwins]

news flash from bear market territory!

Gold popped over $1300 this morning. While stocks have benefitted from the Fed money printing over the past decade, mining and commodities have been in a terrible bear market. Ask me, I'll tell you! LOL!@

The world still needs metals to make things, especially high tech and energy efficient things. But mining stocks are in the dog house.

This could be the start of a pop in gold. We'll see if it can move above $1300 and hold it for a few weeks.

Then, if that happens, maybe mining stocks will move up. Miners are trying, less successfully, to emulate the oil and gas producers who are consistently lowering costs. So the number of profitable miners is a much smaller percentage than in energy. Mining hasn't had the same kind of technological revolution as fracking brought to energy.

GDX +.80 to 21.58 +3.9%