Loading ...Excellent point about the miners and the inflation-adjusted gold price…
https://www.youtube.com/watch?v=w5g1PE6QhKM
Discussion of the miners and the inflation-adjusted gold price begins at 9:35.
This at least is one rational explanation for why the miners have done so poorly relative to metal since 1980: gold has surprisingly not yet exceeded its inflation-adjusted high from 1980 (but it is on the brink of doing so now after 40 years!).
Interesting take – I would suggest though as a base scenario for the miners (of course given a long term bull market thesis), they will not truly explode higher until Silver breaks $50 which is a very strong psychological barrier to the general public. The miners and silver (as gold derivatives) have a lot of tears to overcome but when they do….
Jordan used to be a poster here
But alas he was a Liberal and left post haste when we became “Political”