Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
At US$1,500 an ounce for gold and US$43 for silver, you may be tempted to sell them short, which can leave you painfully squeezed if prices continue to rise, or to take on leveraged risk through futures or geared exchange-traded funds. Instead, apply the Greater Fool Theory and consistently sell off your overpriced shares to greater fools than yourself.
