Loading ...At the current metal prices I think a case could be made that they are actually overvalued. Especially the silvers. Most of them just don’t make money, or if they do, their PE ratio’s are elevated. The last share I own is EXK, it’s down 50% since November. This stuff just keeps getting halved.
Their are a few exceptions that have done better, RGLD, AGI, not much else though. The problem is, their is nothing on the horizon that is bullish for the metals. Nothing is going to replace the dollar, it’s too easy to use and dominates the system. I don’t see rates coming down, why would they? Even if they did, the real beneficiary would be tech stocks or stocks in general.
What a bill of goods.