On the heels of continued selling in gold, silver and especially heavy selling of mining stocks, one of the greats in the business just released an important update.

March 19 (King World News) – Fred Hickey:  An update on the precious metals/miners. I understand that investors are getting a bit more anxious. 

The war has not been kind to precious metals investors, and it’s been especially tough on the miners – which is usually the case when the metals decline. The GDX (gold miners) ETF has fallen 24% since the end of February, wiping out all but 2 1/2% of its once lofty YTD gain. As HTS subscribers know, I had prepared for a selloff, trimming back miner positions (I never sold any of my gold) and built a large cash reserve. I believed there was excessive optimism for the metals/miners. They were overbought and the U.S. dollar was oversold (short term). 

Long term, the dollar will continue to decline against gold – as it has done for over a century (especially since the Fed was created). The reasons for owning gold remain the same: protection against the U.S. government’s wild spending, soaring deficits and debts and continued inflation and dollar debasement. The more recent “weaponization” of the dollar is an added propellant for many overseas buyers.

The question is: when to start rebuilding my sharply reduced miners positions? Presently, I’m in no hurry – I have no interest in trying to ‘catch a falling knife.’ I’d like to see some more capitulation, maybe some clarity with the war. Assuming gold doesn’t plunge in the interim, I would like to at least partially rebuild positions prior to their Q1 earnings reports later next month because those results should be spectacular (again). 

If one has cash reserves, this sharp miner selloff could provide a nice opportunity for even further gains. I welcome it.

King World News note: As KWN has cautioned many times recently, gold and silver were extremely overvalued vs other commodities such as crude oil.  But as Hickey noted, the gold and silver markets are simply taking a much needed breather and consolidating historic upside gains, which is very healthy for a bull market.  So relax and remain patient.  And do not be affected by the day-to-day price action.  Instead, be patient and be strong in the knowledge that gold, silver, and particularly the mining stocks, will be trading at far higher levels in the future than what is being quoted today.

Gold, Silver, Oil Uranium Price Predictions
To listen to Nomi Prins discuss how high the price of oil will go during this war, where gold, silver and uranium prices are headed and much more CLICK HERE OR ON THE IMAGE BELOW.

ALSO RELEASED!
Look At Who Just Warned This Crisis Is Going To Last More Than A Year CLICK HERE.
BUCKLE UP: Another Wave Of Inflation Is On The Way CLICK HERE.
FORTUNES WILL BE MADE: Look At What Is Getting Ready To Explode On The Upside! CLICK HERE.
SPROTT: This Is Why Gold Futures Continue To Trade Above $5,000 An Ounce CLICK HERE.
Silver: About To Hit A Home Run CLICK HERE.
Nomi Prins Just Warned Oil Price Will Skyrocket Way Above $100 A Barrel CLICK HERE.
Look At What Is Happening Behind The Scenes In The Gold & Silver Markets CLICK HERE.
We Will See Economic Depression, Bail-Ins, Capital Controls & Bank Closures CLICK HERE.
The fate of the global economy is literally down to who blinks first CLICK HERE.
Look At Why Just Said Silver May Spike To $500+ CLICK HERE.
Iran War Impacting Gold & Silver Markets In More Ways Than One CLICK HERE.
Celente Issues Major Update On Iran War And Its Impact On Global Markets CLICK HERE.
Update On Gold, Silver, Oil And The US Dollar CLICK HERE.
Wild Trading Oil, Gold, Silver And Stocks! CLICK HERE.
US Stock Market Collapse To Send Gold & Silver Prices To New All-Time Highs CLICK HERE.
Oil Futures Nearly Hit $120 As Middle East War Continues CLICK HERE.

© 2026 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.