While the general markets have had a turbulent start to 2022, it's been a much better year for precious metals, which have flipped from massive underperformance to outperformance in 2022. This is evidenced by a 4% year-to-date return for gold (GLD) and silver (SLV) which translates to a more than 1500 basis point lead on the Nasdaq 100 (QQQ). Some investors might argue that this is merely temporary, and they may end up being correct. However, with key ratios appearing to be staging trend changes, this could be the year to own precious metals and high-quality miners.
