Its becoming clear that a LOT of Metals and Minerals are going UP a lot faster than our favorite metals Bob and Goldie.

So is there a co relation with Non Precious Metals Miners and Precious Metals Miners…perhaps a cycle ?

One etf we can use to compare with the PMs ( I’ll use baby HUI) is the XME :

XME Top 10 Holdings

Century Aluminum Company6.26%
CONSOL Energy Inc5.04%
Freeport-McMoRan, Inc.4.95%
Allegheny Technologies Incorporated4.80%
Peabody Energy Corporation4.68%
Commercial Metals Company4.57%
Alcoa Corp.4.54%
United States Steel Corporation4.51%
Steel Dynamics, Inc.4.46%
Cleveland-Cliffs Inc4.43%

XME Sectors

Steel37.59%
Aluminum13.70%
Integrated Mining11.09%
Gold8.51%
Precious Metals & Minerals7.05%
Coal4.58%
Agricultural Chemicals3.91%
Specialty Mining & Metals0.67%

XME nice clean breakout…HUI should be not far behind

Fully the Bull

Unless of course HUI is leading the XME

Fully the Bear