Loading ...Yeah, it’s weird. Spreads widen, price bounces all over the place. Seems by the time the Crimex opens it goes back to normal.
Back above $50 now, if it holds, I’d expect these shares to make up some ground. Those were some big losses yesterday. Despite being overbought, I think most of the shares are still well under-valued. NEM earnings should be up around $2 a share for Q4, which puts them about a 10 PE.
I’m not sure how you even estimate the silver share earnings. The one good thing is that the cost to dig it up hasn’t been rising with the metal price, yet anyway.
Rates are falling pretty well now. 10 yr down 5 bips. Should be a wind at our backs.