PM Weekly Market Commentary – 07/24/2020
State of Fear https://www.amazon.com/dp/0061782661/ref=cm_sw_r_cp_api_i_Y1ShFb9WXFH81
What a ride! Monday mornings have absolutely RULED lately.
DF: Heard an interview over at KWN – Pierre Lassonde, smart guy, tons of industry experience – talked about how large the margins will be at the miners with metals prices where they are now, and how the street hasn’t factored that into prices for the shares just yet.
Here is a little chart that shows just how much Wall Street hasn’t factored in the miners:
(chart by Christopher Arron from iGold Advisors)
I also think DF is right about the buck reversing in about a month, late August.
It’s so much fun right to be in the PM market right now. We earned this with all that pain in Feb-March.
Looking forward to the market/ PM commentary tomorrow….
If ever there was a theme song for this rally…