In this editorial, we are joined by Richard "Doc" Postma to discuss the massive move in precious metals, with Silver surging over 15% in November.
Doc breaks down the technical indicators suggesting we are in an "acceleration phase" similar to 2011. We discuss the glaring valuation disconnect between soaring metal prices and lagging mining equities, explaining why developers using conservative price assumptions offer deep value. Doc also shares his macro thesis on the "Great Reset" favoring hard assets and why he views recent pullbacks in names like Coeur Mining as buying opportunities.
Key Discussion Points:
- Silver Breakout: Analyzing the potential for 8 straight months of gains and bullish momentum indicators.
- Valuation Gap: Why miners haven't kept pace with spot prices and the specific opportunity in juniors.
- Stock Specifics: Thoughts on the pullback in Coeur Mining and the technical strength of Silvercorp.
- Macro Outlook: The Dow/Gold ratio heading lower and the global shift toward hard assets.
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- Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
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