Why we think foreign money has been flowing into Mining stocks and why we think they will continue to pump them up…
Here are some clues.
First clue: benchmark indices of several key commodity countries are at record highs.
Courtesy of Bloomberg:
Courtesy of Bloomberg:
Courtesy of Bloomberg:
Second clue: global mining indices likewise are on the ramp!
Courtesy of Stockcharts.com: Dow Jones
Courtesy of Stockcharts.com: S&P Metals and Mining Index
Courtesy of Stockcharts.com: S&P Global Mining Index
Third clue: Best and Dominant Performers during the Past 3 months (as of Friday’s close)
Courtesy of Big charts.com
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