Just as the financial crisis was for banks, so too was the recent commodity drop for miners and miner profits. It has been a tough year for miner profits. While the price of gold has not fallen as fast as it did in 2012, miners have had significant difficulty. Losses from mining operations were so severe in 2015, the eclipsed all profits generated over the past eight years — but a turnaround could be in store for the miners. Commodity producers particularly hard hit recently as miner profits falter It has been a difficult period of time for commodity producers. In 2014, with…
One Year Of Losses Erases Eight Years Of Miner Profits
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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