Silver is up 12.4% since November 11th, gold is up 9.3% since August 15th. But the GDX mining stock ETF is up 21.4 % since September 11th. GDX is actually up 71% since mid- January 2016. By comparison, the SPX is up just 34% over the same time period (Jan 19th, 2016).
There’s a quiet bull market unfolding in the precious metals sector. But don’t expect to hear about it on CNBC, Bloomberg TV or Fox Business – or the NY Times, Wall Street Journal and Barron’s, for that matter.
My colleague Trevor Hall interviewed precious metals analyst and newsletter purveyor, David Erfle to get his take on what to expect in 2019 for the sector and a couple of his favorite stocks (download this on your favorite app here: Mining Stock Daily):
I discuss my outlook for the precious metals and mining stocks in my latest Mining Stock Journal, released to subscribers last night. I also present a list of large and mid-cap mining stocks that should outperform the market for at least a few months, including ideas for using call options. You can learn more about the Mining Stock Journal here: Mining Stock Journal information.