Because of the fabulous technical, cyclical, and fundamentals in the precious metals sector, investors can expect solid gains over the next 36 months, with most stocks and bullion likely to move to all-time highs.
The major silver miners fared just fine operationally in Q4’16. Despite all the emotional silver-stock dumping on sharply-lower silver prices, this industry’s underlying fundamentals stayed quite strong.
GLD is trading the closest to the neckline so it may give an early heads up for the PM stock indexes. Keep in mind these potential H&S bottoms won’t be complete until the necklines are broken to the upside.