Wednesday, April 20, 2016
Quick note on markets
What's been strong the past few months is:
- Royal Bank (RY). Seems people want to own the Canadian economy again, especially at a 3.8% dividend yield.
- Peru (EPU). Seems people want to own resource producing economies again.
For obvious reasons, those two should be strongly positively correlated with GDX.
As long as that strong positive correlation holds and all are going up, it makes perfect sense to own gold miners.