Loading ...Otavio (Tavi) Costa
@TaviCosta
ยท
16h
Mining stocks are likely overreacting today, in my view.
Put loosely, these companies are effectively printing money at current gold prices.
Yes, mining stocks have performed incredibly well recently, but the aggregate free cash flow of the Philadelphia Gold and Silver index has surged 11x.
In short, fundamentals have far outpaced the rally, leaving these stocks even more undervalued than before.
