underlying metal up 100% over 5 years while the miners are in the red.
Sentiment: Strong Sell
Actually metal is up 300% and miners are red....much worse than you think! I gave up on these turds long ago. The fix is in on these miners on direct orders from Fed reserve!
You have to take the side if the fed to win in these markets! Car builders, banks, homebuilders, insurance. What sector does the fed hate?
If you asked me in the year 2000 what I thought the price of goldcorp would be if gold ever went to $1700, I would have said $200-$300 per share...maybe $500. They are indeed scams. No doubt about it.