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“These companies face increasing costs against falling revenue and downward revisions in the value of their assets. This means that the trade is not buying gold miners.”
Comment:
Huh?? All energy prices are LOWER. Steel etc lower. I posted a while back the miners should start reporting profits. Some even still pay divs. ETFs? They are not good long term. Sometimes they don’t even do what they are supposed to do.
Hecla?? That’s mostly a silver miner, and silver (like a penny stock) has been treated as an industrial metal like lead copper and zinc. Gold is the blue chip where BIG money goes. If you had to invest $100k in silver, you would need a safe deposit the size of a washing machine. $100k in gold would fit in a small box. About five rolls of 20.
Gold miners are good only if gold goes higher. So the story is implying lower gold higher dollar. I’m not buying that.