Gold Miners And Metals: The Place To Be
Chris Kimble | Jan 23, 2017 11:48AM ET
Much like Santa Claus, the S&P 500has been taking it easy in the month since Christmas.
Not so much for a few other high-flying assets.
Since the first day of trading after the Christmas break, the broad market has been pretty quiet, up .23%. Bonds (NASDAQ:TLT) and the Euro (NYSE:FXE) have made a little bit more than the broad markets.
However the Metals Sector, for its part, has done pretty well since Christmas, with gold and silver gaining around 7% more than the S&P and the Miners outpacing by a much larger margin.
We
. If the ratio is correct, it is suggesting a pair trade of long miners/short S&P.
Full Disclosure; Premium and Metals members are long miners at this time.
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