Loading ...and should close there. Hard to believe that last January the HUI was at 300. Gold was around $2500 and silver was around $30 or so.
There’s been some 3 and 4 baggers among my list of shares but that hasn’t been the norm. Seems most are tracking 1-1, even with the move in the metals. I’m hoping that changes this year as earnings come in and we start to see buyouts and takeovers.
It’s funny because we talk about a lack of belief in the move in the metals among investors. I think we also see it among a lot of the CEO’s of the mining companies. They’re not hiking dividends or looking for acquisitions just yet either. I think they are in as much disbelief about the metals sustainability as well. A couple of decades of conditioning and everyone is waiting for the next shoe to drop and a massive correction to come. We’re all so used to the big multi month pullbacks.