Surging Mining Stocks Point to Big Move Ahead in Gold and Silver
Snippet:
The silver market appears to be gaining momentum, but spot prices remain well below their highs from last year.The gold:silver price ratio remains elevated at 79:1. As recently as 2011, gold sold for 32 times the price of silver, and historically it has often sold for 16 times or even as low as 10 times the silver price.
Author(s):
Stefan GleasonSpring has sprung for precious metals mining stocks.The HUI gold stocks index surged 6.2% on Monday to close at a 14-month high. The HUI chart shows a strong base was built from last summer through this January, and from that base a new bull market has begun.
Tuesday, April 12th
First published here: Surging Mining Stocks Point to Big Move Ahead in Gold and Silver
