Gold and Silver mining stocks are breaking out!

The gold and silver mining stocks are finally breaking out! The popular GDX ETF, which invests in large gold mining companies, has just set a new all time high. Its sister ETF GDXJ, which invests in junior gold mining companies, has sliced through an important resistance line, and could advance quite rapidly and challenge its all time high. Similarly, the SILJ ETF, which invests in junior silver miners has broken out of its pennant formation, which could lead to considerable gains. As I explain on this update, investing in mining stocks entails a lot more risk than owning bullion, but it provides leverage over the price of metals. Those of you who already have a sizable position in physical precious metals may consider investing some percentage of your portfolio in these ETFs and take advantage of this move.

Warning: I am not a licensed financial advisor. This video is intended for general informational purposes only, and should not be regarded as investment advice. Before taking any investment decision, please consult with a professional financial advisor, who may assess your personal investment objectives and needs.

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