Mid Week Macro (8/28/2024)
Mid-Week Macro
1) Gold ($2508) and silver ($29.22) have remained strong, but the miners (HUI) were down Monday, Tuesday, and Wednesday. Why? Why are the miners lagging? It’s obvious to me. The answer is weak sentiment for mining stocks on Wall St. As long as the risk-on trade is working, nobody is interested in gold miners (or silver miners). The HUI is…