Loading ...Shares being held back today as the SM opens down is sure what is happening.
Hopefully, ultimately the shares will follow the metals though as they’ve done in the past. They are still ridiculously cheap and if/when they do, that’s where the real money will be made.
Agree with you about the current deflationary scenario, however I do think that when this Covid-19 drama is over the pent-up demand at least in our industry will be inflationary. We are trying to lock in prices now for some of our contract that stretch over a 2-3 year period.