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But today, I want to focus on another obvious beneficiary of a falling Dollar: Gold. When precious metals are doing well, the biggest pieces of ---- mining stocks are the ones that do the best. All of those private investments in junior gold miners out of, say, Vancouver that have been worthless, will go up 10x 50x 100x. In the public markets, it?s the little public ones that will outperform on a metals rally. Just look back to early 2016. The worst ones did the best. That?s where the beta is.

Here is a chart of Junior Gold Miners going back a few years. You can see that the face-ripper in early 2016 ended with a classic top and ensuing sell-off. It?s taken 30 months or so to potentially end this recovery process:

https://allstarcharts.com/gold-cool/?inf_contact_key=79ecf564332e40db0322ec8a2671e7ee680f8914173f9191b1c0223e68310bb1