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What a great question! And the answer may surprise a few of my readers.
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The first chart is the SP-500 for the past 10 years. This 'stock market' index is in a long term condition known as a secular bear market. Experts all agree to this as a fact. And over time, bear markets do one thing very well - they go down, of course.
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Click on the chart to ENLARGE
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The largest miners are grouped as a sector and put into an index called the HUI.
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Yes, miners are a part of the 'stock market'. But no, they do not have to perform just like the bigger stock market.
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In fact, they can do whatever they want.
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And because miners are in a long term (secular) bull market, they do one thing over time very well - they go up, of course.
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Click on the chart to ENLARGE
Nov. 23 Weekend report
17 hours ago
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