Mining Sector Ideas

[gfp927z]

Bigworld, The miner ETF charts reached their 200 MAs in the pre-market futures on Monday (below), but not during regular hours. The bullion ETFs (GLD, SLV) still not that close though. Fwiw, before adding more, I'll probably wait until both the miners and bullion ETFs have at least reached their 200 MAs during regular trading.

(approx figures).


GLD ---- 388 (375)
GDX ---- 75 (76)
GDXJ --- 98 (99)

SLV ----- 57 (52)
SIL ------ 73 (73)
SILJ ---- 24 (24)


With all the unknowns and uncertainties, I figure regular investors may be leery of jumping back into the metals (?) But on the other hand, the big players / institutions might take full advantage of this buying opportunity (?) Tough to say, but with a 30% allocation already, it's hard to justify adding much more.

With zero in the stock market, that would normally be the place to do some buying, from an asset allocation perspective anyway. But even if the Iran war ends, we're probably in for a global recession (?), so a stock rebound may fizzle and not endure for long. So strategy-wise, that would leave a shorter term trade (S+P 500) with the goal of capturing the (temporary) rebound. Either that or just stay in cash / T-Bills and forget about it. 2026 is looking like a lousy year.



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