RE: Russian TITANIC?10 Jan 2025 19:50
Yeah crl...in the mineral and metal space,iron ore'rs tend to be low cost producers....due to open pit,large ore bodies,no processing,other than crushing,or pellets in fxpo's case....
but for some strange reason,the markets are flucked,high profits/low costs/low or no debt....mean nothing.
like gas prices of late,the 5month gas spike,as done little to the comps,in the stuff.lol.
PE ratios,in the miners and hydrocarbons,are rock bottom...
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anyway,historicall,mining sector uptrends or bull cycles,never happen in a dollar uptrend or bull cycle,on the long trends
they always happen on a dollar downtrend.
you can see this on the dxy 50 year chart
https://www.statista.com/statistics/1404145/us-dollar-index-historical-chart/
a mining sector super cycle on the dollar downtrend,that ende just befor the banks crashed around 2008.
that year,also saw the end,of china's meteoric,GDP climb over the previous 15/20 years or so(coinciding with the mining sector bear market,fuelled by a massive fall in debt lending,induced by the banking crisis)
the miners had a bit of a rally,in 2009 though,but it only last about 2 years tops.
TALLY HO.