The best point he made in his video is the continuing disconnect between the gold price and where the mining stocks are currently. He said if gold continues higher (over $1400) then we should see the mining stocks start to play catch up and take off at some point after that. If the mining stocks don't follow the gold price higher it might be a time to sell.
I would agree with that line of thinking because at some point IF or WHEN the market is convinced the PM's are indeed moving higher then it only makes sense that the miners with benefit from the higher prices and move up too. I've always contended that this would happen. The question was always at what gold price is the market convinced gold is going to move higher?
Of course, it's always very important in that process to break through the old highs and yesterday IMO was just another step up in that process, as we cracked that old high and pulled back. IMO it's just a matter of time till we see a break higher and on through $1400. IMO it's going to happen sometime this year.
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