Mining Stock Daily's 2019 Outlook For Precious Metals

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Includes: AAAU, ASA, BAR, DGL, DGLD, DGP, DGZ, DUST, DZZ, GDX, GDXJ, GDXS, GDXX, GEUR, GGN, GHE, GHS, GLD, GLDI, GLDM, GLDW, GLL, GOAU, GOEX, GTU, GYEN, IAU, IAUF, JDST, JNUG, MELT, NUGT, OUNZ, PHYS, PICK, PSAU, QGLDX, RING, SGDJ, SGDM, SGOL, TGLDX, UBG, UGL, UGLD
by: Dave Kranzler
Summary

A quiet bull market in mining stocks is underway.

GDX has risen 20% since hitting a 52-week low close in September 2018.

We expect that a significant bull move will occur and a significant amount of capital will pull out of "risk assets" and move into physical gold and silver for wealth preservation/flight-to-safety.

A quiet bull market in mining stocks is underway. The GDX ETF closed trading on New Year's Eve up 2.37%. Through Monday, GDX has risen 20% since hitting a 52-week low close of $17.57 on September 11, 2018. In popular parlance, GDX is now in a "bull market."

We expect that a significant bull move will occur and a significant amount of capital will pull out of "risk assets" and move into physical gold and silver for wealth preservation/flight-to-safety.

Disclosure: The summary bullets for this article were chosen by Seeking Alpha editors.