Loading ...This is literally the only sector whose shares don’t follow the asset they produce. The only sector that is unable to sustain a rally for more than a few months.
Three days ago the pm sector had a great rally on halfway decent volume. What was that all about? Three days later, it’s like it never happened.
I’ll tell you this, if the dollar or 10 yr. rate ticks up a little, the metals fall immediately and the shares follow.
Just disgusting.