@StocksFormula@ArtVandelay778 I find he oversimplifies when it comes to oil/miner ratio.
Higher PM prices can more than compensate for higher diesel cost. Fuel represents only small part of total mining cost.
Also, miners are increasingly adopting electric equipement to reduce diesel dependence.
@NorthstarCharts It’s not as simple oil up = miners down
Higher PM prices can more than compensate for higher diesel cost. Fuel represents only part of total mining cost.
Also, miners are increasingly adopting electric equipement to reduce diesel dependence.
@StocksFormula@NorthstarCharts I agree, it’s not as simple oil up = miners down
Higher PM prices can more than compensate for higher diesel cost. Fuel represents only part of total mining cost.
Also, miners are increasingly adopting electric equipement to reduce diesel dependence.
@NorthstarCharts It’s not as simple oil up = miners down
What matters is margin between commodity prices and production costs.
If PM prices rise sufficiently, they can more than offset higher diesel cost.
Also, miners are increasingly adopting electric equipement to reduce diesel dependence.
@baldguymoney@KingKong9888 I recommend Kanazawa city. It is beautiful. And from there you can take a day trip to Shirakawago an ancient historic village.
"Gold is returning to the global financial architecture in a big way. If just 1% of global savings shifts into gold, you could see $25,000 gold."
- The legendary Pierre Lassonde.
Pretty big statement here from Mr. Lassonde.