Nice Day!
The risk-off trade of market indexes, mutual funds, whatever, not many days you see the DOW surging towards a 1000 point gain, commodities up close to 2%.
Yeah, TUD,TUO and the risk-on leveraged juniors are lagging because this is a big money move into the markets, but when the ocean rises, all boats will rise too, eventually.
Ya just gotta luv it. CU and AU both tacking on 2% or better so far today. Check me if I'm confused, but isn't TC a all about the price of CU and AU when you really get down to brass tacks?
This global economy looking to decouple to some extent from the sketchy regimes in China, Russia, Saudi Arabia ... doesn't a big pile of copper and gold in mining friendly British Columbia, under the umbrella of NORAD, look like a pretty comfy place to slap down a few billion in mining bets that the world is not heading into a new dark age, but needs the decarbonization input of a boatload plus of copper, and the financial stability of a whole lotta gold bullion in central bank vaults as well? Sorry US treasury, but your mighty dollar needs some hedging!
Happy, happy little dril pad here, happy little gold deposit there. No mistakes, only happy accidents at TC.
cg