Long Gold Miners and Silver for the Next Several Quarters says Analyst Michael Oliver
Analyst Michael Oliver believes the recent V-bottom in the gold miners is a near-term bottom. Once gold breaks through $2115/oz on a weekly close “it will launch and leave the earth.” As gold runs over the next several quarters Oliver foresees silver and gold miners outperforming gold on a percentage basis. Michael also believes we are near a bottom in the commodities complex. Also, in Q2 of this year, he anticipates commodities, led by corn, wheat and beans, will begin to run.
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