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Precious Metal Supply Shock Guaranteed, But Some Miners May Go Bust

|Includes:ABX, AG, AUY, HL, Sandstorm Gold Ltd. (SAND), SLW

In this podcast, Wall St for Main St provided a wrap up to what is happening in the precious metals market since the plunge last week. We discussed why gold and silver dropped so quickly and how the mining stocks will be affected by the big drop. Also, we discussed how investors should be more prudent in their due diligence and we gave our advice on how to differentiate between good mining stocks and bad stocks. Finally, we also talked about how there could be a supply shock in gold and silver in the next few years if prices don't recover soon!

Click here to listen to the podcast!

Disclosure: I am long SLW, SAND.

Stocks: SAND, SLW, AUY, AG, HL, ABX