Q3 which proved challenging for miners as lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted.
The bottom line is the big US stocks dominating the S&P 500 just reported blowout Q3 results.
The battered gold miners’ stocks are finally starting to recover after a rough few months.
Gold and silver were thrashed this past summer, relentlessly pounded to deep new lows.
The key to success is staying informed and buying low when others are scared, before undervalued gold stocks soar much higher.
The major gold miners’ stocks plummeted in brutal cascading selling this week as stops were run.
The gold miners’ stocks have suffered a psychologically-grating year so far.
The gold miners’ stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators.
Gold weathered the Federal Reserve’s 7th rate hike of this cycle this week.
Gold’s summer-doldrums lull marks the best time of the year seasonally to deploy capital, to buy low at a time when few others are willing.
The major silver miners’ stocks remain deeply out of favor, languishing near multi-year lows.
Juniors are ready to soar when gold sentiment turns.
Strong seasonal tailwinds make May one of the best months of the year in gold-stock bulls.
Once gold climbs to decisive new bull-market highs, sentiment will turn and investors’ interest will surge.
Silver is extremely undervalued relative to gold, while speculators’ silver-futures positions are extraordinarily bearish.
With gold out of favor, silver and its miners have largely been left for dead and forgotten.
The juniors’ recent Q4 results proved quite strong.
The major gold miners’ recently-released Q4’17 results prove they are thriving, despite their languishing stock prices.
GDX’s price action shows why gold stocks are such compelling investments when everyone hates them.
The US dollar has fallen rather sharply over the past year or so, despite ongoing Fed rate hikes. This persistent dollar weakness has really boosted gold.
The fear, anxiety, and apathy still plaguing gold lies in the psychology of gold’s two primary driving forces, futures speculators and stock investors.
GDX remained well within its consolidation trend channel and is still within striking distance of a major $25 breakout.
The unnaturally-tranquil stock markets suddenly plunged over this past week, shocking legions of hyper-complacent traders.
Years of relentless stock-market rallying to endless new record highs have left gold deeply out of favor. But this gold-demand ebb is ending.
While this week’s surge put gold on many more traders’ radars, it has actually been picking up steam for 6 weeks now.