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A Crossover to 'Value'

After going on sale for a third and final time at the end of June, the precious metals miners appear to be making a major crossover today, both the literal and figurative sort - to value. After languishing for the better part of two years in the performance basement, the previously described "value traps" (see Here) have opened above their 50 day SMA - a major accomplishment considering thelast time was at the end of last October.

All things considered (see Here) - we continue to like the sector going forward.

 

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