Gold Update – Capital Flowing into Precious Metals
In the last post in December last year, I showed Gold breaking out versus the NASDAQ tech sector.
This month gold has broken out higher versus the S&P 500 index. Silver is leading, as it broke out higher versus the S&P 500 index last month.
This is significant, as it means capital is flowing out of equities now, and into precious metals.
We are in the very early stages of a precious metals bull market. As the capital flows increase into this sector, the miners are going to take off. I will update all the gold and silver miners in the portfolio this weekend.
Strap in. 2023 is looking like a big year for precious metals, as there is a lot of capital out there, and the PM sector is tiny.