'Why take the risk if you were better off buying the metal?' - Lobo Tiggre on soft mining equities
Mining equity investors need to be patient, said Lobo Tiggre, editor of the IndependentSpeculator.com.
In early May Tiggre spoke to Kitco correspondent Paul Harris at Deutsche Goldmesse held in Frankfurt, Germany.
Tiggre noted the disconnect between high metal prices and mining equities that are not performing as well as they should.
Gold has hit several all-time highs in 2024, but the gold miners, measured by the GDX, are only up 12% this year and well-off highs hit early this decade.
Tiggre notes that the key appeal of mining stocks is their leverage to rising metal prices. With strong gold…
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