Miners: Game On

Welcome to an Unhinged Inflationary Era

What a remarkable reversal in the miners today.

Junior miners turned positive and the senior producers quickly followed.

It’s astonishing to see investors continue selling this industry after strong inflation data, when logically the response should be the exact opposite.

The Fed cannot repeat the 1970s playbook today without blowing up the most leveraged financial system in history.

Welcome to an unhinged inflationary era.

Game on.

I decided to make a few moves today. Let me walk you through my thinking.