I have been enthusiastic about precious metals for years. There are a couple of reasons why I was able to defy my own instincts to just short everything in sight and make a special exception for precious metals:
- I wanted to do whatever I could to get away from being labeled nothing but a permabear, so I wanted an entire sector for which I could be a cheerleader;
- I perceived the success of precious metals as a hearty poke in the eye to central bankers around the world, so philosophically it was a very agreeable position.
I just randomly jumped back a couple of years to offer up a tidbit of evidence that I loved precious before loving precious was cool, and I found one not very subtly titled Go Go Gold in which I state how bullish GDX and GDXJ look. They’re up about 250% since then. Not bad!
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