Loading ...Yes it’s just a matter of enough new capital from other sectors, primarily tech, coming into the PM space (maybe techies can understand that word).
The ratios of most key PM measures against the broad markets broke out last week. Now you have short-term overbought conditions in some PM subgroups up against a long-term factor(s) tidal wave. (Money printing, war, debt, insolvency, cycles, etc.)
Who is going to win?
The fundamentals will win.
Then the genius asset managers who rigged the markets to keep jamming capital into their crappy control state stocks will be forced to recalibrate or die.
I hope they go out of business.
Nobody is actually making money in AI – so that shouldn’t be a problem once the hangover takes hold.
Chuckle