From The TSI Trader:
Gold topped a couple weeks ago, on March 7 to be specific, and closed this past week just 2.1% below the all-time high reached on that day.
Silver also topped on March 7th and closed this week just 4.8% below the historic intraday high reached at 36.75 on March 7.
That gold and silver have consolidated within literally a few percentage points of their all-time highs, given the news events of the past two weeks, speaks volumes as to their relative strength and ability to withstand tremendous selling pressure.
When the selling pressures of forced liquidations, margin calls, and downright emotional panic lift in the very near future, I have no doubt that gold and silver will break out and quickly make new all-time highs.
But what about the gold and silver miners? Are they, too, within just a few percentage points of their March 7 high?
The answer is that a few are... very few, in fact. And within this fact, lies a wonderful opportunity for an investor to get positioned ahead of the crowd before gold and silver break to new highs.
The purpose of this post is simple...
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More on mining stocks:
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An incredible development is taking place in gold mining stocks
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