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Why the consensus is wrong on precious metals and the miners

Posted on 22 February 2013

Precious metals are underperforming while the S&P 500 is soaring. This is leading the consensus to abandon the mining sector to look for greener pastures in housing and financials. I believe this may be the wrong approach to sell discounted junior miners shares for overextended blue chip equities particularly in the banking and housing sector.
Recently a news item from the Wall St. Journal crossed my desk entitled, “A Fearful Time For Gold”.”Then I read another article with the headline, “S&P 500 In Longest Winning Streak Since 2004.” These articles are an indication of what the majority is thinking and may be a contrarian buy alert for my readers…………………………………….Full Article: Source


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This post was written by:

VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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