Gold Miners
This latest from Bob Hoye is positive on the Gold Miners as investments, not trades. He is the second analyst(Gary Tanashian is the other) I have read lately discussing how the gold miners are likely to attract investment funds from market participants who don’t normally buy gold mining stocks. The premise is that when the rest of the stock market is declinning, as expected next year, and gold miner fundamentals are improving from the combination of a rising gold price and a decline or at least stable costs for the miners, a wider swath of investors turns to the gold miners because of increased earnings. Buy now for profits in 2024 and 2025. Stocks may not turn down until this year is over, but the gold miners are pretty much at or just above their lows.(This is not investment advice, just my opinion.) http://www.321gold.com/editorials/hoye/hoye111423.pdf