Post by
mouserman on Aug 06, 2020 3:04pm
Silver up 6% today , gold up 1%
At least in USD terms , and silver rising 6 x faster than gold is huge....
WPM has big exposure to silver, and seems the market is not looking ahead to what kind of profit WPM will be looking at with these input prices. For sure many analysts are calling for a 10% correction in precious metals.. but even so with silver that would be where it was 2 days ago?
Hard to figure the how and why of the selling across the boards on the best mining names, but it is what it is. Bigboys are taking profits in the miners and trying to induce some selling in the futures and physical markets of the metals. NOT HAPPENING...
These miners will bounce back big.