Last week, I noted I expect to see new all time highs for gold in 2019. Ultimately, I think gold will reach $5,000/oz-$10,000/oz, as a multi-year bear market in equities and the USD unfolds (along with a USD currency crisis), but let's get to $2,000/oz first. Should gold continue on its bullish trajectory, the gold (and silver) miners will explode higher.
$XAU is an index of gold and silver mining companies, and are they on sale today, following a catastrophic collapse from 2011 to 2016. Miners are cheaper today than they were all the way back in 2000 when the gold bull market began (and gold was trading at $250/oz). Many gold and silver mining companies are now breaking out from multi-year base formations. Fortunes will be made in this sector over the next 5-10 years.
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