from King World News
If you are wondering what will happen to mining stocks when the stock market collapses, take a look at this…
October 29 (King World News) – Kevin Smith, Global Macro Hedge Fund Manager: From 2000, NASDAQ declined 78% to 2002 while gold stocks climbed 5x to 2008. Today, the tech sector is an even higher % of GDP than the dotcom peak while mining stocks offer incredible value + growth prospects. (See chart below).
[…] In 1972, investors were crowded into the high P/E Nifty 50. Today, cabals of whales can’t get enough FAANGs and SaaS. In just 2 years, Xerox down 71%, Avon 86%, & Polaroid 91%. Meanwhile, the Barron’s Gold Mining Index went up 5-fold! History doesn’t lie (see chart below):