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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes that the mining industry is generating profits at a level no other sector in the market can match.
He uses a chart to illustrate the exceptional profitability of the mining sector compared to other industries.
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Costa has previously commented on gold’s persistent importance as money, noting its role in closing a major monetary gap in a recent market view. He also highlighted silver’s approach to $70 per ounce during a renewed surge, according to another statement. These observations add context to his ongoing focus on the mining sector’s performance.