Jun. 4 at 2:02 AM
$B $SBSW $RIO $BHP $GDX
At some point the next wave higher will come.
While institutional and money managers have started accumulating some shares, we are so far from seeing the real money move into miners.
It will come. Without mining companies the world stops turning.
Without the mined materials, technology doesn’t exist.
Price appreciation is coming and B will move to
$75+
The large miners still have 100% upside ahead.
Some juniors and ventures will see 1,000+% returns.
Same goes for energy producers.
Think about this.
The SPY is still only holding 5% weight.
3.2% energy and 1.8% materials.
In due time, the SPY will move to 10,000
As it rebalances and adds these two sectors once they truly breakout.
Copper is going to
$8👉
$10+
Gold to
$10,000
Silver at 50/1 ratio is
$200
Natural gas to
$6👉
$8👉
$12
I’ve been pounding my table so long that it’s broken.
I’ve had to borrow @MMaker1 and @junior2305 tables. 🤣
I will keep pounding.
