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UBG - Gold And Miners - Still Not Showing Their Hand
UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Last month, Seeking Alpha published our article describing our Expectations of Future Upside in the precious metals and miners sector. In this article, I discussed two potential routes for both metals and miners to achieve markedly higher levels. Since then, the complex has resolved very little in showing its hand on which route is most likely. However, a number of the individual mining stocks that are part of our Strategic Miners Portfolio have provided entries in what can count as wave 4's, or possibly shallow wave 2's, and that has allowed us to enter long