Gold Miner Secular Bull Thesis Update: Major Upside Yet to Come
I haven’t written about gold miners since Mar-2019. I also haven’t updated a post from Oct-2018 that attempted to frame how a gold miners bull market might look if their low in that period was “structural” in nature. In that…...
Massive Decline in Commodities vs. U.S. Equities Since 2008 Remains a Key Big-Picture Paradigm
Depending on which index you use – SPX vs. DJI – commodities have fallen ~84%-87% vs. stocks since peaking in 2008, just as west-Texas crude touched ~$150 a barrel. I have discussed this reality repeatedly on the site over the…...