Gold / / Copper
September/October 2019
Cautionary Statement
Risk adverse? Forget about buying our shares.
Past performance is unreliable in predicting the future. Unexpected events can happen and can change forecasts.
MUX
Gold: The Trend is Up - Targets Are Big!
Possible Futures
Gold US$/oz | 20x | ||
$2,000 | $1,900 | 7.5x | |
2.8x
$1,500
$1,000 | 7.5x | $1,050 |
+$800
$500
20x
$40$250
$0 | ||||||||||
1970 | 1975 | 1980 | 1985 | 1990 | 1995 | 2000 | 2005 | 2010 | 2015 | 20 |
$21,000 $7,900 $2,900
MUX
Source: Bloomberg. 1970 to September 26, 2019.
Market Getting Top Heavy Again
Financial Assets of Households / Disposable Personal Income
Q1 1970 - Q4 2018
Everything Bubble?
6
Housing Bubble
Dot-Com Bubble
5
4
3 | ||||||
1970 | 1978 | 1986 | 1994 | 2002 | 2010 | 2018 |
MUX
Source: Federal Reserve St. Louis, Incrementum AG.
Expectations Well Ahead of Reality! Again!
Russell 1000 Growth and Value Spread
Spread
400 | Dotcom Bubble | |||||||
300 | ||||||||
200 | ||||||||
100 | ||||||||
0 | ||||||||
-100 | ||||||||
-200 | ||||||||
-300 | ||||||||
1980 | 1985 | 1990 | 1995 | 2000 | 2005 | 2010 | 2015 | 2020 |
MUX | Source: Bloomberg. Monthly chart. As of September 26, 2019 |
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McEwen Mining Inc. published this content on 30 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2019 13:22:02 UTC