US EditionHow to play the commodity cycle - Fat Tail Daily
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How to play the commodity cycle - Fat Tail Daily
Yesterday we touched on the notion that commodity producers can generate huge cash flow when prices are high. Right now, that’s happening in the gold sector. Case in point is Genesis Minerals ($GMD). They released their quarterly update this morning. Gold in Aussie dollars is around $5000 an ounce. Their cost to produce is about $2,500. GMD just put in a record June quarter in terms of production too. Put all together, and GMD made $125 million …
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