There is a possible explanation for why gold and silver are acting great but the miners are showing negative divergences.(at least so far) It isn’t something we want to hear, but given we are on the verge of a major economic upheaval, it is the most likely reason.

The likely explanation, if the miners don’t kick into gear soon, is that we are about to witness massive nationalization of miners and royalty companies. In so called private property countries like the US, Canada, Australia and possibly Mexico, the governments might not take over the mines, but will require that silver for sure, and possibly gold as well, be sold to the government at some type of controlled price.

The mining companies may still exist and survive but the profits from the coming explosion in metal prices would likely be controlled and capped. Not conducive to massive stock appreciation that we have been waiting years and even decades for.