Loading ...I guess I’d have to ask if you are you seeing similarities in the SM between 2000 and now?
I don’t remember if the SM was continually making new highs in 2000 or not.
Anyhoo, point taken. It appears it’s going to take much higher metal prices to get these shares moving, because as you say, the metals are “buoyant” – exactly – like a buoy floating on the ocean, not really going anywhere.
Then, as you say, if we see much higher metal prices and a big SM correction, there’s no guarantee we’ll see higher pm share prices. I have a bit of a hard time with the liquidity argument in this sector given how tiny it is, but we’ve seen this movie before.