Finally, Gold/Silver Miners Outperform the Metals

Launch pad or trap?

Normally, when gold and silver are rising, it’s a good idea to buy the related mining stocks on the assumption that they’ll go up even more than the metals. That’s why mining stocks are frequently referred to as “leveraged plays on the price of the underlying commodity.”

But for most of the current gold bull market, that didn’t work. Gold had a nice run …