There’s a stealth correction unfolding in the precious metals space.
Most people aren’t paying attention because the headlines are quiet, and the price action has gone mostly sideways.
But to us, this is where things get interesting.
Underneath the surface, we’re seeing short-term weakness creep into the mining stocks.
More and more components of the Philadelphia Gold and Silver Index are slipping into short-term lows, sparking fear that the broader trend may be in trouble.
But is it?
We don’t think so...
These are the kinds of pullbacks that tend to reset positioning and refresh momentum. Not the ones that mark the end of bull markets.
Let’s walk through what we’re seeing.
Short-term pain for long-term gain 📉📈
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