Mining Sector Ideas

[gfp927z]

Bigworld, Thanks for the Rinear update. Rick Rule has also been talking about all the agricultural inputs that come through the Strait of Hormuz. Even if the Strait re-opens soon, it sounds like some damaged facilities could be out of commission for numerous years.

Btw, a factor contributing to the big collapse in metals might be that governments are being forced to sell to raise $$. Oil producing countries have lost their main source of revenue, and the budgets of just about every country is really being squeezed right now. So they unload some of their gold to raise cash (?)

Looking at the ETF charts, here's where the current futures prices are tonight, in relation to the 200 MAs (approx). While they could continue dropping below the 200 MAs, I figure lots of bargain hunters may start getting interested -


GLD ---- 400 (374)
GDX ---- 78 (76)
GDXJ -- 101 (98)

SLV ----- 59 (51)
SIL ------ 76 (72)
SILJ ---- 25 (24)



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