Saturday, August 30, 2014

This Time Gold Miners Are Going Differently

Generally, when U.S. dollar is rising the shares of gold miners are going down (as gold and silver). But most recently, gold miners has been doing quite well despite U.S. dollar rising (gold has been repeating the old pattern, i.e. going down or stalling with $ going up). Please, look at the chart below:.

The orange areas indicate the rising U.S. dolar environment - at these times PM miners are going down.
But look at the last orange area (starting in March 2014) - PM miners have been going up quite steeply. It looks very bullish for PM miners' stocks..

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