Metals Mining ETF. Metals/mining has a positive seasonal trend at this time of year. Also looking good technically. This sector has out performed the S&P 500 over the last 21 years up until May 5th.
Best week since March 2022 because of electrification, EVs, power and AI. Is more excited about aluminum and copper, and less so about gold and silver given demand. Silver has an industrial component though.
Is it a good time to go into the mining sector? He uses XME which gives exposure to a broad number of mining types. He would not be inclined right now. But in the next 12 months he expects them to have bottomed out.
(A Top Pick Feb 28/11.Down 0.91%.) Metals Mining ETF. Season trade for this is from October to January and from mid January to Beginning of May. He exited in May.