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But we saved everything 🙂.
Ronnie Stoeferle observes that materials have experienced a recent rally, but emphasizes that, on a relative basis, they are still considered very inexpensive.
He references commentary from another market observer and Bank of America to reinforce the point about the current value of materials.
Stoeferle previously increased his position in Tudor Gold, stating that market prices do not reflect the asset value of Treaty Creek at Tudor Gold. He has also observed subdued retail interest in Bitcoin even as institutional demand climbs, citing recent ETF launches and filings in his earlier commentary. These observations follow a pattern of his focus on underlying value compared with prevailing market prices.