Gold Miners’ Q4’20 Fundamentals: Summary of report by Adam Hamilton
“The bottom line is the major gold miners’ recently-reported Q4’20 results revealed their best quarter ever per multiple key fundamental benchmarks. Revenues, adjusted earnings, operating cash flows, and cash treasuries surged to record highs. Last quarter was this sector’s sixth in a row of strong mid-double-digit earnings growth, which has to be unparalleled in all the stock markets! Valuations collapsed to record lows.
Despite these incredibly-strong fundamentals, traders have largely abandoned this high-potential sector due to its recent extended correction. That’s a huge mistake. Today’s anomalously-low gold-stock prices driven by popular bearish sentiment will mean revert dramatically higher during gold’s coming next upleg. Contrarian investors and speculators who can fight the herd to buy low now stand to earn massive gains.”
That’s encouraging news, Rob. I should like to read the full article. Care to post a link here in the comments section?
Sorry for the late reply.
Hope you get it. It is a bit of a long read.
Cheers
http://www.321gold.com/editorials/hamilton/hamilton031921.html
I would be wary of Adam Hamilton. He is a permabull when it comes to the PM sector. Made some great calls though during the dot com crash in the general SM.