Gold mining stocks have had a big week so far and retain their status as No. 1 in IBD’s database of 197 industry groups.
Mining is also the No. 1 sector out of 33, with a 50.74% gain year to date as of Tuesday’s IBD. It was up 4.2% on Monday.
The catalyst seems to be a falling dollar. Gold made a heroic rise from a 1999 low to a peak in September 2011. Then the collapse came: The gold and silver mining industry group lost 77% of its value going into a low in January.