I wonder just how many people out there in the investing world actually have any exposure at all to any form of pm’s whether shares, metals or ETF’s?
Had a guy who was starting up a new Edward Jones office come by the house wanting me to invest with him and wondered if I had looked at the usual suspects, MSFT, JNJ etc. I told him I couldn’t see anything in the SM that was cheap except pm stocks. To his credit, he did know of Kirkland Lake but nothing else pm was on his wish list.
If this really is the beginning of a period like 2000-01′ there should be a helluva lot of money out there that could make its way into the sector and out of some great performers of the last 10 years. Course, we’ve had a lot of false starts the last several years.