Undervalued: Coeur d’Alene Mines

Silver Investing News reports the brutal month for investors in precious metals and mining are seeing some light and a road to recovery in the coming days and months.

“The reversal in the dollar’s recent strength could signify that [gold prices] are close to lows,” said Gold & Silver Investments executive director Mark O’Byrne.

In his Gold Investments Market Update this Monday, O’Byrne points to the improving performance of the precious metal mining shares as “an indication that we are at or near a low in this sell off.” The HUI and XAU mining indices, which O’Byrne cites as leading indicators of precious metals trend reversals, were up last week 14.4 per cent and 14.95 per cent respectively.

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