Silver (SLV), gold (GLD, (NYSE:)), have struggled this year in spite of several good catalysts, including high inflation, slowing economies, and loose monetary policies. However, energy moving higher means more inflation is likely, while the jobs report indicates the economy may be slowing.It’s been a rough year thus far for the precious metals sector, and while gold (GLD) has only given up one-third of last year’s gains, down 7% vs. a 24% gain in 2020, the miners have been slaughtered, to say the least. This is evidenced by the near 40% decline we’ve seen in the Gold Miners Index (GDX (NYSE:)), and the fact that some producers have slid as much as 50%. It’s not surprising that this has lowered sentiment within the sector. Some producers have thrown in the towel and others are taking tax losses on gold miners or moving funds to more green pastures.

However, the trick to investing in miners is to wait for the majority to give up on the trade before putting any real money to work and to only buy the best names when they’re trading at a discount to their net asset value. After the violent correction we’ve seen, these two requirements have now been satisfied, giving the green light for investors looking for a cheap sector to begin entering new positions. In this update, we’ll look at a few of the highest-quality names in the sector:

Source: www.TC2000.com

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