>>23375960>Am I too late to long commodity miners/extractors/explorers?the easy money is made but this bullrun is still not even near its end imo
>Thinking of reallocating, but I don't know anything about this sector.if you want to play it safe, stick to the majors and ETFs. If you don't know jack about this sector you're better off that way.
>Silver and gold have mooned, is there a runway anymore?yes. Consider adjusting prices for inflation (silver just recently broke its nominal highs) and also consider that the traditional portfolio allocation for gold used to be like 2% while nowadays it's 0.5%. Central bank gold holdings are also still way below what they used to be decades ago. I expect both private and public gold ownership to increase much closer to the levels they were back in the 70s.
>My understanding is that silver and gold prices can go down 15% in a single daylol never seen anything like that happen. Commodities usually move 1-2% a day, 5% is seen as a major swing.
there's still a lot of value to be found in the sector and I expect to make a lot more money. Some of the companies are still trading way below net present value at $3k gold let alone $3.7k.
