NEM - Reducing Risk In Precious Metal Mining Stock Portfolios
Most analysis of precious metal prices emphasizes fundamental influences like geopolitical tensions, trade wars, developments in the Chinese economy, and changes in real interest rates and the US dollar. Another approach focuses on sentiment, ignoring the seductive apparent logic of specific events as drivers. In my experience, the most successful forecasting tool appears to be a variant of Elliott Wave theory that incorporates Fibonacci analysis and is advocated on Seeking Alpha by Avi Gilburt and others.
The idea, as I understand it, is that while specific events may have some small and fleeting impact on