Zurück
Wir haben die höchsten durchschnittlichen Margen ever.
The bearish narrative on Precious Metals Equities continues, despite the sector reporting the highest profit margins this century during Q3/24; Q4/24 to date is near 50% operating margins. Any company in the world would be ecstatic with these profit margins. This week the Gold market rebounded strongly as non-G7 central banks bought massive amounts of physical Gold at lower prices as US futures traders naked shorted Gold (because Gold went down after the 2016 election; this is not 2016). Yet, large hedge funds and algorithmic trading systems continued to short the mining ETFs on the past 4 up openings. Market commentators & newsletter writers watched the tape & spoke bearishly about this sector, saying the miners will continue to underperform or the Gold rally is not real. Meanwhile, 2 major bullion banks (UBS & GS) both raised their forecasts for Gold to $3K as they saw firsthand the tremendous central bank demand at $2600. Analysts should be raising 2025 ARP’s for Gold significantly if they weren’t the scarecrows without a brain. The manipulative short selling of the miners continues to crush sentiment & influence investor behavior. Since 10/22/24 trading high, $GDX has experienced $474MM in redemptions; YTD, $GDX has lost $1.8B to redemptions. $NEM Newmont Mining is down 27% during this time; multiple analysts & newsletter writers have told you management stinks & to sell the stock. During this time, these same analysts raised $NEM Q4/24 EPS estimates from 99c to $1.11 vs. 36c last year. At some point in time large investors & possibly bullion banks (to hedge their shorts), will take the opposite side of these manipulative sales; the earnings are simply too strong at current spot prices and the valuations are too cheap. Current AISC operating margins are off this chart: Q3/24 was $1100, tonight's spot close is $1300 AISC margins. Not investment advice; do your own due diligence. Past underperformance does not guarantee future underperformance.
The bearish narrative on Precious Metals Equities continues, despite the sector reporting the highest profit margins this century during Q3/24; Q4/24 to date is near 50% operating margins. Any company in the world would be ecstatic with these profit margins. This week the Gold market rebounded strongly as non-G7 central banks bought massive amounts of physical Gold at lower prices as US futures traders naked shorted Gold (because Gold went down after the 2016 election; this is not 2016). Yet, large hedge funds and algorithmic trading systems continued to short the mining ETFs on the past 4 up openings. Market commentators & newsletter writers watched the tape & spoke bearishly about this sector, saying the miners will continue to underperform or the Gold rally is not real. Meanwhile, 2 major bullion banks (UBS & GS) both raised their forecasts for Gold to $3K as they saw firsthand the tremendous central bank demand at $2600. Analysts should be raising 2025 ARP’s for Gold significantly if they weren’t the scarecrows without a brain. The manipulative short selling of the miners continues to crush sentiment & influence investor behavior. Since 10/22/24 trading high, $GDX has experienced $474MM in redemptions; YTD, $GDX has lost $1.8B to redemptions. $NEM Newmont Mining is down 27% during this time; multiple analysts & newsletter writers have told you management stinks & to sell the stock. During this time, these same analysts raised $NEM Q4/24 EPS estimates from 99c to $1.11 vs. 36c last year. At some point in time large investors & possibly bullion banks (to hedge their shorts), will take the opposite side of these manipulative sales; the earnings are simply too strong at current spot prices and the valuations are too cheap. Current AISC operating margins are off this chart: Q3/24 was $1100, tonight's spot close is $1300 AISC margins. Not investment advice; do your own due diligence. Past underperformance does not guarantee future underperformance.
