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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