Heavy Metal: Silver Tests Its Support Line

The video discusses the recent decline in silver prices, which have fallen below a key support level. Gold is also nearing its support line, while base metals like copper are testing their own support levels. Despite copper's primarily industrial use, it is behaving similarly to precious metals. The video questions the wisdom of investing in mining companies like Newmont, Goldcorp, and Barrick, given their high earnings multiples compared to the S&P 500, especially as metal prices fall and earnings may be affected.

What are the names of the three large mining companies mentioned?

What is the current earnings multiple of the S&P 500 compared to the mining companies?