Notice a trend?
Mid-March WTI oil hits close to $20US, spot copper $2.10 US, ETG 23 cents CDN.
Today, WTI above $70, even after yesterday’s sharp correction copper $4.30 plus, ETG cracks $1 for the first time since 2013 (?).
Commodities, continuing to be led by oil, still the most important industrial input, anticipate a post-Covid burst of global growth driven by broad, global, central bank monetary stimulus and government fiscal spending in social programs and massive infrastructure spending.
Be right, sit tight. Mleberage to industrial metals looks like a pretty sweet bet.
ETG still cheap as borscht here, my opinion only of course, so your own DD.
FMCDH and until the dang crows fly home to roost.
cg