Roebear and Dwight:
This morning, I've challenged most of the precious -metals socks to a stochastic analysis using a period of one-month as time frequency, and a decade, as length in duration. All have demonstrated a turn for the better, with Barrick, and some others, a bit advanced in the turn, while Hecla lags a few days.
It would be consistent with history should January turn to be the month stock- bottoms were put in. We shall see very quickly whether that is indeed the case.
Gold and silver look firm, and because of it, I suspect the stocks have lagged primarily as a result of investor skepticism. Especially so, when one considers where the metals have been recently. My horizon for a turn in performance is a couple of years, but I yet believe the moment is much closer than that; dead money is aggravating.
Yours, T.V.H. |
