It is my firm belief that too many are watching the price of gold as the miners are telling us that there is a (possibly) new bull market just beginning.
The miners rolled over in 2011 before the price of silver and gold started turning and it looks like the reverse is happening now.
People would rather own gold and silver physically in bear corrections and prefer mining stocks in bulls.
Read the following from Adam Hamilton over at 321gold.com:
Gold, Miners Rocket Higher
Feb 05, 2016
Gold and its miners' stocks are rocketing higher as
speculators and investors alike return to this left-for-dead sector.
This sudden deluge of capital inflows has crowned gold stocks the
best-performing sector of this young new year by far, shocking traders.
And this stunning reversal of fortunes in both the metal and the
companies producing it is only starting, so it's exceedingly important
to understand what's going on.
Gold Price Today Closed at $1256.20 Up $8.60 or 0.7%
11 hours ago