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https://i-invdn-com.investing.com/news/LYNXMPEB280W7_M.jpg
(Source: TC2000.com)
As shown in the chart above, while the miners’ performance has been depressing, the setup for the GDX remains very constructive. This points to a higher probability of dips being bought near the $30.00 level in the future and suggests that investors should be looking at starting positions in some of the highest-quality names. Three names that stand out as very reasonably valued with solid management teams are Agnico Eagle Mines (AEM), B2Gold (BTG), and Skeena Resources (SKE). While all three have very different business models, they all own world-class mines, have industry-leading margins or projected industry-leading margins, and management teams that continue to under-promise and over-deliver.
