Since hedge funds have been buying physical you'd think there will be a push soon in the spot as they are in the pump and dump business.
Deficit hasn't gone anywhere.
I would agree this 'bull' market has been quite poor. Choppy. Nothing like 2006/2007 which was amazing. Some stocks haven't even reached the highs they made in 2021 when spot was far lower. Weird.
I would argue $100 spot is not factored in. Market acting like spot will come back down to around $70-$80. Put $100 into DCF models and valuations are far higher across the board.
Will take a bit of time for buyers to come back. Maybe the real bull hasn't started yet
Since hedge funds have been buying physical you'd think there...
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Last
62.0¢ |
Change
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Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
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