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I remember the good old days when I seriously looked at things like PE ratios and rightly moved money in the late 90s and in 2007. But I haven't been able to brag since then and find myself sitting at age 77 with lots of dollars and not even trusting that dollars are any good. It seems to me I am way out of my league when I don't find actual data to be of any use. I am not a good seer like you guys and just sit tight while everyone else makes money. It's OK, I don't think I will need any more money.
Gold-miners are cyclicals, so their P/Es have to be interpreted differently. At cyclical peaks, P/Es are LOW, at cyclical bottoms, P/Es are HIGH or N/A (due to loss).
I remember the good old days when I seriously looked at things like PE ratios and rightly moved money in the late 90s and in 2007. But I haven't been able to brag since then and find myself sitting at age 77 with lots of dollars and not even trusting that dollars are any good. It seems to me I am way out of my league when I don't find actual data to be of any use. I am not a good seer like you guys and just sit tight while everyone else makes money. It's OK, I don't think I will need any more money.
My goodness, you might be the smartest on this Board.
Comments
Surely that can't be right- president Cow Pie just told us that there's nothing that we need from Canada.
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I remember the good old days when I seriously looked at things like PE ratios and rightly moved money in the late 90s and in 2007. But I haven't been able to brag since then and find myself sitting at age 77 with lots of dollars and not even trusting that dollars are any good. It seems to me I am way out of my league when I don't find actual data to be of any use. I am not a good seer like you guys and just sit tight while everyone else makes money. It's OK, I don't think I will need any more money.For example, NEM has fwd P/E of 15.93, ETF GDX fwd P/E is 13.02. These P/Es anticipate great windfall profits - gold prices have skyrocketed, but all-in mining costs are only marginally up.
https://www.morningstar.com/stocks/xnys/nem/valuation
https://www.morningstar.com/etfs/arcx/gdx/portfolio