This is just a quick note to let you know that the outlook for the precious metals sector didn’t change based on today’s move higher in gold. In fact, the lack of a strong rally in mining stocks despite such a visible rally in gold is a bearish sign.
All in all, the outlook for the precious metals market remains bearish. We will keep you informed as soon as anything changes.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief
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