54 days ago • Posted by Charles-Henry Monchau
The case for Silver Miners (by Crescat Capital)
Over the last 12 months, we have seen $25 trillion of newly issued debt worldwide, $9 trillion of monetary stimulus by central banks and $18 trillion of negative yielding bonds. These are all tailwinds for precious metals and the Miners. Meanwhile, Silver miners’ CAPEX is now at a decade low (-18% YoY), i.e Supply is massively constrained - source: Crescat Capital.