Our theme for the foreseeable future is based on rising interest rates, a rising commodity cycle and an Emerging Market outperforming US stock markets, once the US Dollar starts correcting.
I have set up a resource grid below that you can keep and continually check for the timing of ETFs in groups that LOTM favors at this time.
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Gatos Reports Record Quarterly Production for the Third Quarter of 2022,
Increases Production Guidance and Lowers Cost Guidance for 2022.
This week was a great example of Dollar down/stocks-up on Monday and Tuesday with Thursday and Friday being Dollar-up/stocks down. Cannot show the correlation any clearer. Continue reading
Putting those two headline facts together, tells me we are not going to stop using oil and gas any time soon. Supply constraints from USA regulations, a war that is sucking energy and limiting global supply, combined with last week’s OPEC reducing production because the USA foreign policy blunder in favoring Iran over Saudi Arabia, tells me oil and gas pricing is cheap at its current level. Industrial production curtailments of steel, aluminum smelters, and Petrochemical (BASF) production curtailments in Germany is creating more bottlenecks and shortages. Continue reading
This week we shared an interview with Jeff Currie, director of Commodities at Goldman Sachs. He is certainly talking his book when saying the trend for the foreseeable future is owning commodities. We happen to agree with him regardless. His supporting evidence includes:
Dr. Copper is acting like she wants to rally…… maybe it will rally or maybe not, but it is a good signal that copper did not go to a new low from its July bottom.
Vizsla is just above a strong support line at $1.00. Vizsla has discovered enough silver that at a market cap of $252 million, Vizsla could arguably be worth more dead than alive. No, they are not in any trouble. They will raise money in the next year, but they are healthy. Capex to build a processing mill and building Continue reading
One-year price chart:
Gatos Silver (GATO)* $2.33 is a producing and continued development of the Cerro Los Gatos Mine and the Los Gatos District. These projects are located in one of the world’s premier silver mining regions, the Mexico Silver Belt. Continue reading
