Surviving the DUST Bowl

In the wake of the first Fed rate hike in nearly a decade, some of the best-performing issues are the precious metals miners.

Specifically, ABX is exuding resilience, once again, despite the precious metals and miners still mired in strong, multi-year bear markets--Resilience, as in they have had multiple opportunities to break their prior summer lows for a fresh leg lower, but have always managed to sidestep a bear onslaught to bounce. 

Most major precious miners have similar chart setup to ABX, clearly still in a bear until proven otherwise, but trying to put in some type of low given the last few quarters of sideways movement. 

It my seem odd for the miners to flourish with a tightening Fed, but perhaps they already priced in the first hike and are telegraphing either a one-and-done, or perhaps an eventual easing down the road.

Either way, the miners flourished today, amid crude oil swooning again, which is another baby step in the right direction to surviving what has been a long time inside the DUST bowl.