Gold miners move to stronger hands, Otavio (Tavi) Costa notes

Gold miners move to stronger hands, Otavio (Tavi) Costa notes
Gold miners shift to stronger hands

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, draws attention to a shift occurring among gold miners, describing a transition from weak hands to strong hands in the market.

He suggests this pattern is typical during a bottoming process for the sector.

Costa has recently commented on broader metals and mining activity. He noted that copper miners led gains during a breakout in the metals and mining ETF. Earlier, Costa pointed to strong $75/oz margins for silver, suggesting silver miners could approach a breakout with selling prices well above costs.

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