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The Real Reason Mine Supply Cannot Grow Fast
This chart is basically Newmont opening the hood and showing where the mining machine burns cash. And the answer is simple. Half of direct operating costs come from labor. Not diesel. Not explosives. Not machinery. People. Newmont employees and contracted…

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The Last Gold’s Bull Got 20 Major Corrections
This chart is a reminder that even strong bull markets do not move in a straight line. It tracks the major corrections inside the 2001 to 2011 bull market and shows something most investors forget when they romanticize long uptrends,…

Value investor focused on mining opportunities. Commodities trader, macro & data analyst.

