10/20/2021
Which assets have the most to rise? Chief Investment Officer of , Chris Weber shares his predictions Kitco NEWS
: Kitco NEWS
We've all been happy by the action of the last few days. It's nice to see miners rising by 3-5% a day.
Now, assuming this is finally the beginning of a new bull leg up --and the false dawns are at last over-- we ask, which part of the PM universe has to most to rise?
The easiest way to answer this is to see how far each group is below its all-time high. One big reason I am not big on the general stock averages now is that so many of them are at or still near there record highs. Yes, the S&P and Dow are a few percentages down from their August highs, and this may, repeat may, be the start of a correction. After all, they've been rising since March of 2009 and we've all gotten a lot older since then.
My short answer is the miners have the most to rise. However, many of the royalty companies are at or near their highs, so they may not rise as much.
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