bullish
Mining Monthly: May Edition
SUMMARY
- The precious metals and base metals markets were down in the month of May, however, we view this as a healthy pull-back following two strong months in March and April.
- M&A remained elevated in the month following what appears to be the peaking of rates and inflation, and persistent elevated metals prices.
- Sentiment Update Following two very strong months in March and April (Gold, Silver, and the GDX were up 8.6%, 19.3%, and 18.9%, respectively), precious metals took a breath and were down slightly in the month of May.
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