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Tis rigor and not law

Randy Smallwood’s predictive power over metals prices

Randy Smallwood, head cheese of Wheaton StuffnThings (WPM) on September 16th 2019:

“…silver’s gone from 13 to 19 dollars…silver always outperforms gold, it’s got a higher beta. You go back over 40 or 50 years of history. Gold always starts moving first and silver lags, but then it outperforms.”

The gold/silver ratio since then:

And if you think his vision on silver is bad, don’t even look at the money he threw down the toilet with cobalt.

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