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May 26, 2017
 
     
  Happy Memorial Day Weekend  
     
 

Due to the fact that I am leaving town early for the Memorial Day weekend, there will be no letter today, but I would nevertheless note that with spot gold rallying to a new high for the month today, the yellow metal is now just about $10 away from breaking its long-term downtrend since 2011 that it has failed at on every test over the past year, including most recently in April.

Should gold get through that downtrend early next week and make a run for $1300, as I expect it to, then the gold mining stocks should EXPLODE.

 
     
     
 
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Disclaimer: Lance Lewis periodically publishes columns expressing his personal views regarding particular securities, securities market conditions, and personal and institutional investing in general, as well as related subjects.

Mr. Lewis is the president of Lewis Capital, which is a registered investment advisory firm in Dallas, Texas. The firm regularly buys, sells, or holds securities that are the subject of Mr. Lewis’ columns, or options with respect to those securities, and regularly holds positions in such securities or options as of the date those columns are published. The views and opinions expressed in Mr. Lewis' columns are not intended to constitute a description of the securities bought, sold, or held by the firm in its capacity as an advisor. The views and opinions expressed in Mr. Lewis' columns are also not an indication of any intention to buy, sell, or hold any security on behalf of the advisor’s clients, and investment decisions made on behalf of clients may change at any time and for any reason. Mr. Lewis' columns are not intended to constitute investment advice or a recommendation to buy, sell, or hold any security.

 
   
     
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