TSX:MMP.UN - Post by User
Post by
mousermanon Oct 02, 2020 3:47pm
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Post# 31659204
miners sell off while GOLD holds above 1900$ US
miners sell off while GOLD holds above 1900$ USAnd that is with the USD complex gaining..... so really gold did NOT go down.. and silver is actually up on the day one penny.
Not sure i can understand the selling in the miners, unless its the bigboys taking profits to dump into the banks and other bluechips....
reality is none of those other businesses are going to see improved margins and profits, while the gold and silver miners have NEVER seen bigger margins and profits.
Some of those that were struggling to survive a year ago, now suddenly see profits with gold at 1900$ US , that wasnt there with gold at 1500$.....and silver, well its only UP 36% from one year ago... and a very short while ago was threatening 30$ an oz...In march 2020 was down under 13$$... so the gains in those silver miners are justified.
Maybe room for some more upside here, imo...