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Early breakout in the miners.

Amazes me how the miners-to-gold ratio still sits at historically undervalued levels.

This move is likely to accelerate to the upside.

Operating leverage in mining companies during a secular cycle is one of the most powerful dynamics in the market.

Investors still seem to believe current mining profits are temporary.

I could not disagree more.

tavicosta.substack.com/…

May 6
at
9:33 PM
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