It's Not Yet Time To Buy Miners
Gary Savage | May 28, 2017 12:11AM ET
Most people are still trying to short stocks and buy metals. I’ll tell you when it’s time to buy miners (via VanEck Vectors Gold Miners (NYSE:GDX) and VanEck Vectors Junior Gold Miners (NYSE:GDXJ)) and it’s not time yet.
We need to generate some excessive bearish sentiment first. That will come only at the intermediate cycle bottom. And that’s not due until June.
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