The information on the GDXJ was interesting, in theory that should relieve some downward pressure on the mining stocks, however gold and silver prices historically tend to go down over the summer months and obviously the price affects the mining stocks valuations. Will be interesting to see the how the mining stocks perform in relation to the gold and silver prices in the next few months.
Time to buy, right?
The information on the GDXJ was interesting, in theory that should relieve some downward pressure on the mining stocks, however gold and silver prices historically tend to go down over the summer months and obviously the price affects the mining stocks valuations. Will be interesting to see the how the mining stocks perform in relation to the gold and silver prices in the next few months.