A lot of the newsletter writers are calling for a top and a correction in the PMs.
I try not to follow the opinions of others.
Over the years, holding the PMs has been great, but very often, for long periods of time, frustrating.
Precious metals stocks as a group have underperformed gold at times. Many of the well-known gold indices have been and continue to be populated by some boat anchors. As time passes many of those name have been and well be removed. Check out the updated composition of the HUI and GDX. There are new names. In time, 1930's history will repeat.
S&P Gold (Formerly Precious Metals Mining)* to Gold Ratio:
* S&P Gold from 1945, Barron's Gold Stock Index from 1939-1945, 1922-1939 Homestake Mining:
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