Loading ...You are right. On a yield ratio basis PM stocks (dividend bearing) are a screaming buy.
The reason this is happening is the stupid specs don’t know why they should buy PMs anymore. Stocks go up, PMs go down. Stocks go down, PMs go down more.
I think once tax loss selling is through PM stocks should bounce hard.
But the question remains, will they keep going if stocks do indeed top out here when it took 6 months for PM stocks to bottom once the broads rolled over in both 2000 and 2008?
That’s the question.
I will have more on this later.
Cheers