re: Mining/Minerals Stocks Discussion

I was under the impression that if it went under 4.50, jump on it.

Y ou think it’s heading to 3.25?

Or would you use that money to get more Hgraf under 2.50?

Availability and cost for diesel fuel has caused a pullback in many of the metals mining equities.

As an example, Rio Tinto (RIO) , one of my favorite miners, has plummeted below both its 50dma and 200 dma .

The stock currently sits at $85/sh (52w hi = $112.) with an RSI at 20, the lowest since April 2025.

Gold spot is at $4,079 and prepared to climb after a forecasted consolidation over the summer months. My personal forecast is $4,815 by EoY, an 18% increase from here.

I'm also forecasting that diesel prices will plummet following the midterms, .....as more refining capacity (in Illinois and in Russia) comes back online after noticeable absences. LINK

With diesel fuel making up a major component of expenses for mining operations, I expect mines to resume full production at a time when gold, silver, and copper are rising in price due to worldwide demand. That;s my thesis anyway.

Plays like RIO, FCX ... and mining etfs like GDX/GDXJ are strong plays for accumulation. I've been wanting to get back into RIO for a while now, and I believe this is my opportunity to do so.

good fortunes ....