Gold Bull Breakout Stars: Agnico Eagle and OceanaGold

by Jason Simpkins
Outsider Club

One of the most explosive bull markets in history peaked in 2011, and then precious metals were brutally slammed.

This is what happens in a commodities cycle.

Demand snowballs and suppliers overproduce, trying to make as much money as they can. The resulting oversupply overwhelms the market, and prices crater.

We see this not just with gold and silver but also with oil. Indeed, oil prices have tumbled as low as $30 twice in the past eight years. Each time they rebounded rather quickly, delivering gains of 100%, 200%, and even 300%.

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