![precious metals mining super cycle set to begin](https://pinnacledigest.com/wp-content/uploads/2024/07/mining-supercycle-22.jpg)
Still Waiting for the Supercycle for Mining Stocks?
Chris Vermeulen of The Technical Traders believes the next supercycle for mining stocks will begin later this year or sometime next year. He says these supercycles can be life-changing if investors get the timing right. But, the U.S. dollar will likely have to weaken for gold and the precious metals to really break out. He reminds investors,
“They only last for a handful of years. But you can make a ton of money. So, that time is coming.”
Finally, he notes,
“Everybody always wants trades to happen, but these major cycles take a long time to unfold.”
Falling Precious Metal Prices
While mining stocks had been outperforming, they were all down Thursday as gold and silver continued to be sold off. U.S. stocks saw their largest decline in more than two years on Wednesday, and investors are a bit jumpy as we approach August.
Despite rising precious metal prices since the start of the year, Vermeulen ….