Tomorrow is the last day of the month and junior miners are about to make a monthly close above a 13-year resistance.
Keep in mind that gold is also about to reach another record level in its monthly prices. pic.twitter.com/kntqQjOayN— Otavio (Tavi) Costa (@TaviCosta) April 29, 2024
Tavi Costa: The “perfect storm” for gold miners
This chart is fascinating.
Gold miners, arguably the most hated industry in today's markets, are also at their most undervalued state in 40 years based on their price-to-net-asset-value ratio.
I call this the perfect storm. pic.twitter.com/O8s1OWs7mV
— Otavio (Tavi) Costa (@TaviCosta) April 27, 2024