- The long mining thesis has had an excellent performance this year as shortages have driven base metal prices back to long-term highs.
- It is a key time for investors and analysts to separate long-term and short-term economic forces as they appear to differ.
- Over the coming months, the supply-demand gap in industrial metals may close and drive mining stocks back down.
- Over the coming years, the lack of commodity production development and other factors will likely drive base metal prices to very high levels.
- I have taken profits on XME and will be looking to re-enter the position at a lower price.
For further details see:
XME: Inflation Headlines Signal Contrarian Profit-Taking Opportunity In Mining