In the coming weeks we should see the broad stock market top out, and gold miners -- along with precious metals -- bottom.
President and CEO Jamie Sokalsky points out that the industry's paradigm is shifting toward returns driving production, rather than the other way around.
The next several months will offer the opportunity to buy on the cheap.
Demand for the two metals is growing while mining supply declines.
A proposed ETF anticipates the precious stones will become a recognized asset class.
| Tags: | GLDmetals and mining |
The swift recovery of the precious metal has calmed the market somewhat, but the correction is not over yet.
That doesn't mean you should snap up the stock, however. It's tough to call a bottom for mining stocks.
These global mining behemoths are out of favor but remain buys for aggressive investors.
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